April Philly Fed 17.6 vs 21.0 expected

• Prior was +27.4
• New orders 17.8 versus 25.8 last month
• Employment 41.4 versus 38.9 last month
• Six month capex 19.9 vs 24.8 last month
• Six month outlook 8.2 vs 22.7 last month
• Prices paid 84.6 versus 81.0 last month (highest since 1979)

• Average workweek 20.8 versus 21.4 last month
• Prices received 55.0 versus 54.4 last month
• Unfilled orders 5.7 versus 21.0 last month
• Delivery times 17.9 versus 39.7 last month
• Inventories 11.9 vs 0.5 last month
• Full report

The prices paid index continues to rise despite some moderation in gasoline prices in the month, with wage rises a major potential inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term problem. In a special question, firms were asked about changes in wages and compensation over the past three months as well as their updated expectations for changes in various input and labor costs for the coming year. Eighty percent of the firms indicated wages and compensation costs had increased over the past three months, 20 percent reported no change, and none reported decreases.

Digging deeper into the report, there are signs of improving supply chains with unfilled orders and delivery times falling rapidly while inventories improve.