May Philly Fed +2.6 vs +16.0 expected

• Prior was +17.6
• New orders 22.1 versus 17.8 last month
• Employment 25.5 versus 41.4 last month
• Six month capex 9.6 vs 19.9 last month
• Six month outlook 2.5 vs 8.2 last month
• Prices paid 78.9 versus 84.6 last month

• Average workweek 16.2 versus 20.8 last month
• Prices received 51.7 versus 55.0 last month
• Unfilled orders 17.9 versus 5.7 last month
• Delivery times 17.5 versus 17.9 last month
• Inventories 3.2 vs 11.9 last month

The previous 'prices paid' reading was the highest since 1979 in a sign of the painful 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.

The headline is the lowest since May 2020.

The special questions were about inflation. The most-notable point is the tick up in long-term inflation expectations -- something the Fed will want to guard against.