CNBC: The Richmond Fed’s Manufacturing Index Smashed Expectations as Trump’s Trade Agenda Delivers

TRANSCRIPT:

SANTELLI: “We do see Richmond Fed Manufacturing. Everybody continues to, of course, monitor to see if on-chain and some of the issues of manufacturing are picking up a bit. This particular read is better than expected for April. We’re looking at 3 versus an expectation of 1. That’s the high watermark of the year. As a matter of fact, you have to go all the way back to February of 25 to find a positive number of 3. To find a higher number, you’re back to April of 2022.”