Philly Fed data show all but 3 states growing

Only three states — Alabama, Illinois and New Mexico — saw declines in the Philadelphia Fed’s coincident indexes in February, while 45 advanced, according to data released Tuesday. (Hawaii and Wyoming were flat). Some of the strongest states include energy-exposed North Dakota (up 7% year-on-year) and Texas (year-on-year growth of 4.9%).

Nationally, the Philadelphia Fed’s coincident index rose 0.3% in February for a 2.8% year-on-year gain.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu