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Several Trains Pulling Out of the Station
There are more signs that the U.S. economy is ready to take off like a rocket, which comes from the Philadelphia Federal Reserve Manufacturing Report. This saw all facets of the report rising sharply higher month - to - month with general activity clocking in at its highest level since November 2014:
While there is a renewed focus/angst with respect to inflation, I think it’s a good thing that manufacturers were able to raise prices received to keep pace with prices paid.
The Six-Month read on general activity climbed to 56.6 from 48.7 in December. Highlights:
Consequently, for the first quarter, 62.5% of polled firms planned to increase production in the first quarter, and many will achieve this by hiring additional workers.
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