Phili Fed Index drops massively Malta Independent Thursday, 21 February 2013, 16:11 Last update: about 15 years ago <a href='https://ads.independent.com.mt/www/delivery/ck.php?n=afef72b0&cb=73' target='_blank'><img data-src='https://ads.independent.com.mt/www/delivery/avw.php?zoneid=22&cb=73&n=afef72b0' border='0' alt='' /></a> The Philadelphia Fed Index for February came in at -12.5 versus expectations of +1.0.