Philly Fed continued to surge higher post-election with almost all subcomponents rising (apart from a decline in the average workweek).
However, while the headline index is at two-year highs, Prices Paid soared to the highest since Feb 2012, and expectations for Prices Received dropped.
The stagflationary pressures continue to build, but for now survey respondents seem happy about it…
via http://ift.tt/2iWlM8y Tyler Durden