The FOMC has released a statement detailing its economic outlook as well as its stance on continued accommodative monetary policy. Read the statement.
The Bank has released September's leading indexes, which are a six-month forecast of the state coincident indexes. The coincident indexes measure current economic activity in each of the 50 states. This month's leading indexes suggest economic expansion in 46 states into the first quarter of 2015. Read the report.
The Bank has announced new appointments to its Community Depository Institutions Advisory Council. The council, composed of representatives from commercial banks, thrift institutions, and credit unions, shares insights on economic and business trends facing community depository institutions in their local markets. Read the press release.
The Bank has released the coincident indexes, which measure current economic activity in each of the 50 states. In September, the indexes increased in 43 states, decreased in four, and remained stable in three. Read the report.
The region's nonmanufacturing sectors continued to grow in October, according to firms responding to this month's Nonmanufacturing Business Outlook Survey. The diffusion index for current activity at the firm level increased for the second consecutive month, from 35.7 in September to 44.1 in October. Read the report.
Manufacturing activity continued to grow in October, according to firms responding to the latest Manufacturing Business Outlook Survey. Most broad indicators of current growth, while positive, weakened from higher readings last month. The diffusion index for current activity edged down from a reading of 22.5 in September to 20.7 this month. Read the report. Listen to the audio conference.
President Charles Plosser gives his views on the regional and national economy and discusses why he remains optimistic about the economic outlook. He also shares his thoughts about monetary policy and explains why he departed from the majority view at the July and September FOMC meetings. Read the speech.
The Bank has announced new appointments to its Economic Advisory Council. The council, composed of representatives from diverse industries as well as nonprofits and organized labor in the Third District, advises Philadelphia Fed officials on regional business conditions and economic issues that have an impact on the marketplace. Read the press release.
Articles discuss why full disclosure might not always be best when it comes to regulating banks, the challenge of measuring how consumer learning enhances our economic well-being, and the potential value of the Philadelphia Fed's new survey of nonmanufacturing firms. Download the entire issue.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware. Learn more about us.
A monthly survey of manufacturers in the Third Federal Reserve District.
A monthly survey of nonmanufacturers in the Third Federal Reserve District.
Combine four state-level indicators to summarize current economic conditions in a single statistic.
Predict the six-month growth rate of the state's coincident index.
Designed to track real macroeconomic activity at high frequency. Last updated on October 30, 2014.