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Stagflation Signals Loom As Empire Fed Slides To 5 Month Lows

Courtesy of ZeroHedge. View original post here.

For the second straight month, Empire Fed Manufacturing survey disappointed expectations in December, tumbling to its lowest since July.

Under the hood are glimpses of stagflation as new orders slide but prices paid rise…

and employment and workweek number stagnate (if not contract)…


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