The New York Fed’s Empire State Current Business Conditions Index rose to 3.1 in February from -0.7 in January, well below the expected rebound to 12.15. The New Orders Index rose to 1.4 from -5.0 in January, the Prices Paid Index fell slightly to 76.6 from 76.7, the Employment Index rose to 23.1 from 16.1 and the Six-month Business Conditions Index rose to 28.2 from 35.1. 

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