Action Economics Survey Results: 62k Jump in Initial Jobless Claims First Indicator to Show Some of Harvey Effects

Action Economics Survey Results: 62k Jump in Initial Jobless Claims First Indicator to Show Some of Harvey Effects

Action Economics said the 62k jump in initial jobless claims was the first indicator to show some of the effects Hurricane Harvey. New York Fed William Dudley said in a CNBC interview the economic effects will be mixed over the next several months. And indeed, this week’s Action Economics survey reveals the difficulties in estimating the impacts with some wide variance in several indicators, especially the production and sentiment figures. […]

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