Employees operate sewing machines at the Ferrara Manufacturing Co. clothing factory in the Garment District of New York, U.S. (Photographer: Jeenah Moon/Bloomberg)

Richmond Fed Factory Gauge Falls Most Ever as Shipments Drop

(Bloomberg) -- The Federal Reserve Bank of Richmond’s manufacturing gauge fell by a record as shipments and new orders weakened, the fourth district bank factory index to drop this month and the la...

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