Economic Report: Philly Fed factory index soars to highest level in nearly 50 years

The Philadelphia Fed’s business activity index jumped to 51.8 in March from 23.1 in the prior month, It’s the highest reading in nearly 50 years.

The Philadelphia Fed’s business activity index jumped to 51.8 in March from 23.1 in the prior month, It’s the highest reading in nearly 50 years.