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Dallas Fed manufacturing index +17.0 vs +16.8 expected

Dallas Fed factory index
– Prior was +16.8
– Output 20.3 vs 22.8 prior
– New orders 14.3 vs 16.1
– Employment 9.9 vs 11.2
– Wages and benefits 26.9 vs 20.3
The inflationary numbers stand out. It’s a minor survey but the Fed will be encouraged by the jump in wages and prices paid.