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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (11576)	5/16/2002 12:11:20 PM
From: Bill Harmond	Respond to of 57684

12:03 ET Philly Fed falls to 9.1 in May; below expectations The May Philly Fed index fell to 9.1 from 12.3 in April; the consensus was 12.0. This is weaker than expected and hit the market, but it should be noted that a 3 pt change in this index is trivial; in the past, it has missed expectations by 10-20 pts on occasion. It is not a very reliable indication of the manufacturing sector and this forecast miss was small by historical standards.