The Economy: A Look Back and What’s Ahead (2.24.14)

Last Week Once again, last week was not a particularly good week for economic data.  Starting with the manufacturing sector, data here in the U.S. was mixed.  The Empire State and Philly Fed manufacturing indices both badly missed expectations, with the Empire State falling to 4.4 vs. (E) 8.5 and Philly plunging to -6.3 vs. (E) of 8.0.  But, refuting the weak readings was the national flash February manufacturing PMI, which rose to a multi-year high at 56.7. Read More