Not Always Sunny! Philly Fed Business Outlook Stinks At -13.5 (11th Straight Month Of Negative Readings As Fed Retreats)

Its not always sunny in Philadelphia, particularly when The Philly Fed (Phed?) business outlook is down in July again for the 11th straight month at -13.5.

Let’s see how long The Fed (aka, Green Man) keeps removing monetary stimulus. An election is approaching!