Home Finance Two regional Fed factory gauges rebound in February

Two regional Fed factory gauges rebound in February

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Two regional Fed factory gauges rebound in February

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The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, rebounded 41 points in February, but stayed below the breakeven rate at negative 2.4, the regional Fed bank said Thursday.

The gain was larger than expected. Economists had…

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