Good Month For Industrial Production, But Serious Questions Remain

By |2017-05-16T12:18:39-04:00May 16th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Industrial Production rose sharply in April 2017, up nearly 1% month-over-month (seasonally-adjusted). It was the largest single month increase since February 2014 during the depths of the Polar Vortex. Steady contributions from the oil sector as well as a rebound (of sorts) in Motor Vehicle Assemblies added to the gains. Year-over-year, IP was up just 2.2% in April despite the [...]