Will Paper Spike This Story Too? (Probably)
Once upon a time, usually when the news was bad or baddish, the Milwaukee Journal Sentinel would run largish front page stories about the Philly Fed’s rankings. Who can forget the dramatic headline: "Fed index ranks Wisconsin 49th in economic outlook? (We suspect the Dems won't next year.)"
As recently as July of this year, when the state was still ranked #20 in the country, the JS treated the Fed index as news.
That all abruptly changed when the numbers turned upward, with the paper suddenly deciding that the Fed numbers were no longer newsworthy. In late July, when the Fed Index ranked Wisconsin at #5… the editors simply spiked the story, belatedly determining that the numbers they had given banner headlines were now "too unreliable to be reported on a monthly basis."
So we don’t know what sort coverage – if any – the latest numbers will get. (Although we can make a pretty good guess.) Regardless of what the dead tree’s editors think, however, the governor’s office seems to think they are a pretty big deal: