The Philadelphia Fed manufacturing index plunged from 26.7 to -0.4 in May, signaling stalled factory activity and raising questions for crypto markets.

The Philadelphia Fed manufacturing index plunged from 26.7 to -0.4 in May, signaling stalled factory activity and raising questions for crypto markets.

Rio Times Global Economy Briefing The Big Three Philly Fed collapses to −0.4 (consensus 17.6) while US manufacturing PMI beats at 55.3. The starkest divergence in US factory…