New Survey Shows The Raw Reality Of Our Situation
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New York Fed's Empire PMI kicked off the January data cycle by plunging. In the meantime, the rest of the regional data filled in the picture for the month, and the final one of the group ended up more like the first one than not. We shouldn't underestimate the usefulness of these surveys especially since there are numerous signs, however long it might end up being, this is still a cycle.
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