President Charles Plosser will provide perspectives on economic and monetary policy at the Greater Philadelphia Chamber of Commerce (GPCC) Economic Outlook on January 14, 2015. Elif Sen, economic analyst, will also present the Bank's 2015 GPCC Economic Outlook Survey results. Data compiled from GPCC members' responses offer perspectives on regional economic competitiveness and issues that will affect businesses in 2015. Register to attend.
The new installment of Cascade focuses on a range of affordable housing issues such as renters’ housing costs, the preservation of affordable rental housing in the Third District, and a PSE&G program that finances energy improvements in multifamily buildings. The issue also includes coverage of a research study on housing alternatives for homeless families and the housing repair programs Habitat for Humanity and Rebuilding Together. Read Cascade.
Manufacturing growth remained positive but slowed from its pace in November, according to firms responding to the latest Manufacturing Business Outlook Survey. The diffusion index of current activity decreased from a reading of 40.8 in November to 24.5 this month. Read the report. Listen to the audio conference.
The FOMC has released a statement detailing its economic outlook as well as its stance on monetary policy. When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. Read the statement. See the press conference.
The Philadelphia Fed has updated its monthly Tri-State Tracking series that provides statewide summaries of economic conditions using monthly and quarterly data of employment, housing, and personal income. Read the reports for Delaware , New Jersey , and Pennsylvania .
Responses from 54 providers to low- and moderate-income households in the region suggest that job availability continued to increase in the third quarter, according to the Bank's recent Community Outlook Survey. Read the report.
The Bank has released October'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 48 states into the second quarter of 2015. Read the report.
Articles explore the connection between urban education levels and the overall economy, the causes and ramifications of rising disability rolls, and why Germany avoided high unemployment during the Great Recession. 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 December 18, 2014.