New York Fed Empire Manufacturing Report Falls to -3.58

The transcript discusses the Empire manufacturing report, highlighting a negative reading of -3.6 compared to an expected 12.4. It notes declines in inventories and unfilled orders, while prices paid showed a positive reading. The report's impact on the market is generally minimal unless there is a significant deviation, but some action in futures might be expected.

What was the general business conditions reading discussed in the text?

What is the expected market reaction to the Empire manufacturing report as per the text?