US March Philly Fed business index +18.1 vs +10.0 expected

Prior was +16.3Details:New orders 8.6 vs 11.7 priorShipments 22.2 vs 0.3 priorUnfilled orders -4.7 vs -12.9 priorDelivery times 18.9 vs -9.9 priorInventories 1.4 vs -0.2 priorPrices paid 44.7 vs 38.9 priorPrices received 21.2 vs 16.7 priorNumber of employees 0.8 vs -1.3 priorAverage employee workweek 2.8 vs -11.6 priorSix-months from now indicators:6 month i… Prior was +16.3 Details: .… Prior was +16.3 Details: . New orders 8.6 vs 11.7 prior Shipments 22.2 vs 0.3 prior Unfilled orders -4.7 vs -12.9 prior Delivery times 18. Prior was +16.3 Details: New orders 8.6 vs 11.7 prior Shipments 22.2 vs 0.3 prior Unfilled orders -4.7 vs -12.9 prior Delivery times 18.9 vs -9.9 prior Inventories 1.4 vs -0.2 prior Prices paid 44.7 vs 38.9 prior Prices received 21.2 vs 16.7 prior Number of employees 0.8 vs -1.3 prior Average employee workweek 2.8 vs -11.6 prior Six-months from now indicators: 6 month index 40.0 vs 42.8 prior Capex… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.