Against expectations of a small drop to 11.0, Empire State Manufacturing Survey collapsed – by the most on record – from +17.8 to -8.6 in June. This is the first negative print since Oct 2016.
This is the biggest MoM drop in the survey in its history
Led by a complete collapse in New Orders
The result is a quick drop in yields and the dollar…
Unleash The Fed!!??
via ZeroHedge News http://bit.ly/2IMdHPu Tyler Durden