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The index, which measures factory activity in the mid-Atlantic region, had fallen to minus 5.8 in January.
The measure had fallen to minus 0.36 on October 2002, when the S.& P. 500 entered a five-year rally.
QE's much more noticeable effect has been on the term premium, which Fed staff reckon has fallen to minus 80 basis points, near an all-time low.Until I read Mr Stein's speech, I didn't think any of this mattered much.
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The wholesale price of electricity fell to minus €100 per megawatt hour (MWh).
Its index of sentiment fell to minus 15 from minus 14 the previous month and minus 30 in March 2009.
The bank's general economic index fell to minus 8.8 this month from minus 7.2 in April.
The August consumer confidence index, adjusted for seasonal swings, fell to minus 29 from minus 27 in July.
Overnight, in a nearby village, the temperature fell to minus 7 degrees Celsius (about 20 degrees Fahrenheit).
The index fell to minus 7.7 points in August — its lowest level since July 2009 — from 5.1 points last month.
As a result, the index, calculated by subtracting negative responses from positive ones, fell to minus 30.7.
In one detention house, Mr. Sugishima said the temperature fell to minus 25 degrees on some winter nights.
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CEO of Professional Science Editing for Scientists @ prosciediting.com