Philly Fed Falls Short at 24.5 as Leading Indicators Rise

The video discusses the Philly Fed's weaker-than-expected December reading of 24.5, compared to the consensus of 26. It highlights the significant drop from November's high of 40.8, the highest since 1993, and compares it to previous months. The video also covers leading economic indicators, noting a consistent gain of 0.6% for two months, despite a revision from 0.9%. The market impact is briefly touched upon, with U.S. stock indexes adjusting and the 10-year yield reaching session highs.

What impact did the Philly Fed report have on U.S. stock indexes?

What was the session high for the 10-year yield mentioned in the report?