Friday, July 3, 2009
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A Perspective on the Outlook, Output Gaps, and Price Stability
Philadelphia Fed President Charles I. Plosser gives his near-term economic outlook and suggests reasons why policymakers and forecasters should be extremely cautious in relying on conventional measures of potential output and output gaps to restrain inflation. Read the speech.
Find other speeches by President Plosser.
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.Latest News
- Analysis: May Metropolitan Area Employment — July 2, 2009
- Bank Names Director of Real-Time Data Research Center — July 1, 2009
- Philadelphia Fed Releases May Leading Indexes — June 26, 2009
- Analysis: May Housing Permits Data —
June 25, 2009 - FOMC Maintains Target Range for Federal Funds Rate
— June 24, 2009 - Learn All About Funding for Minority Businesses — June 24, 2009
The EconomyLast update: July 2, 2009, 10:00 a.m. EDT
Data
Conditions
Business Outlook Survey
A monthly survey of manufacturers in the Third Federal Reserve District.
- Latest Survey (June 2009)
- Historical Data
Related Resources:
Third District Leading Indexes
Predict the nine-month growth rate of the state's coincident index.
- Current Press Release (May 2009)
- Historical Data
Related Resources:
State Coincident Indexes
Combine four state-level indicators to summarize current economic conditions in a single statistic.
- Current Press Release (May 2009)
- Historical Data
Related Resources:
Employment Data
- Metropolitan Area Employment Data (May 2009)
- State Employment: Pennsylvania, New Jersey, and Delaware
(May 2009)
Related Resources:
Housing Data
- Regional Housing Permits
(May 2009) - Regional House Price Appreciation
(First Quarter 2009)
Related Resources:
Aruoba-Diebold-Scotti Business Conditions Index
Designed to track real macroeconomic activity at high frequency. Last updated on July 2, 2009.
Related Resource:
Upcoming Events
- Making Sense of Money and Banking — July 20-24, 2009
- Personal Finance for the Middle School Classroom — August 4, 2009
- The Great Depression — August 11, 2009
- Money Matters for Kids — August 13, 2009
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