Bank Research Explores Fintech and Credit Access
Financial technology has played a key role in the growth of online alternative lending. A new paper, "Fintech Lending: Market Penetration, Risk Pricing, and Alternative Information," finds that fintech's use of alternative data has expanded credit access, especially in underserved areas.Read the Research
In Cascade : The Fed's System-wide Workforce Initiative
Workforce development needs to be considered in terms of investments, not costs. In the latest issue of Cascade, Todd Greene of the Atlanta Fed discusses a new Fed initiative that focuses on "Investing in America's Workforce."Read the Article
Federal Open Market Committee (FOMC) Releases Statement
In view of realized and expected labor market conditions and inflation, the FOMC decided to maintain the target range for the federal funds rate at 1 to 1-1/4 percent.Read the Statement
Consumer Scam Alert
Consumers should be aware that they cannot use Federal Reserve routing numbers to pay their bills. They could face late fees and other charges.Read the Alert
Philadelphia City Council Commends Bank for CRA Research
The City Council commended the Bank for recent research on Community Reinvestment Act (CRA) lending in Philadelphia. This study provides new evidence on the effectiveness of CRA on mortgage lending and demonstrates how different lenders respond to the incentive of CRA credit.Read the Research
July’s Coincident Indexes Show Increased Economic Activity in 41 States over the Past Three Months
August 23, 2017
Nonmanufacturing Activity Continues to Grow in August
August 22, 2017
Business Conditions Index Updated
August 17, 2017
Manufacturing Activity Continued to Grow in August
August 17, 2017
Forecasters Predict Weaker Outlook for Growth and Lower Unemployment
August 11, 2017
Partisan Conflict Index Updated
August 9, 2017
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.