美国10月费城联储商业指数+20.9，预期+28.4
US October Philly Fed business index +20.9 vs +28.4 expected
The Philadelphia Fed business index in October was +20.9, lower than the expected +28.4 and the previous value was +37.8. Sub-indicators such as new orders, shipments and employment fell back but remained positive, while the price paid index fell while the price obtained index rose. The author believes that the market is beginning to worry about economic growth, with the 10-year U.S. Treasury yield falling and the yield curve flattening.
The Philadelphia Fed Business Index dropped significantly from the previous value of 37.8 to 20.9 and was lower than expected. New orders, shipments, employment and other sub-categories simultaneously cooled down but are still in the expansion range, indicating that the manufacturing momentum is weakening rather than contracting. Market concerns about economic growth have pushed U.S. bond yields downward and the yield curve flattened, which will affect the safe-haven pricing logic of the U.S. dollar and gold. Traders need to pay attention to whether subsequent regional Fed data will continue this slowdown signal.
原文先给出费城联储总指数回落且低于预期，再列出新订单、出货、就业等分项放缓，并提到美债收益率曲线趋平，为解读增长担忧提供数据链条。
来源：ForexLive · investinglive.com