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Richmond Fed Composite index for September -21 vs. -13 estimate

Prior month -19Services index -1 vs -11 last monthManufacturing shipments -18 vs -15 last month.

Other details:

Employment -22 versus -15 last monthWages 15 versus +14 last monthPrices paid 3.36 versus 2.45 last monthPrices received 1.57 versus 1.87 last monthNew orders -23 versus -26 last monthBacklog of orders -16 versus -27 last monthCapacity utilization -20 versus -17 last monthCapital expenditures -13 versus -14 last monthServices expenditure -17 versus -12 last monthFinished goods inventories 20 versus 16 last month.Raw materials inventory is 12 versus 18 last month.Equipment and software spending money 13 versus -13 last month

US stocks have moved lower and yields are off their highs as well with a combination of the Richmond Fed and consumer confidence data:

S&P index -0.19%NASDAQ index -0.23%two year yield 3.563%, -1.1 basis points10 year yield 3.764%, +2.6 basis points

This article was written by Greg Michalowski at www.forexlive.com.

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