Federal Open Market Committee (FOMC) Releases Statement
Consistent with its statutory mandate to foster maximum employment and price stability, the FOMC decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.
Read the Statement
How the Opioid Crisis Hits the Economy in the Third District
Opioids such as heroin and fentanyl have wreaked havoc across the nation and especially in the Third District, and not just for individual abusers and their families. The economy likely took a hit, too.
Read the Article
Should Central Banks Issue Digital Currency?
Should a central bank issue a digital currency and, if so, how should it be designed and what are the macroeconomic implications? A new working paper looks at the potential benefits and costs of introducing such a digital currency.
Read the Paper
Opportunity Occupations in the Third District
Registered nurses, maintenance workers, and retail sales supervisors are among the top opportunity occupations available in the Third District that don’t require a four-year degree and pay above the national annual median wage.
Read the Summary
Making Connections, Making a Difference
In our 2018 Annual Report, we look at how the Philadelphia Fed is working to create relevant, in-depth research; ensure a safe and robust financial system; and promote fair and impartial access to credit.
Read the ReportLatest News
-
Business Conditions Index Updated
June 14, 2019 -
Philadelphia Fed President Harker Delivers Commencement to Stonier Graduates
June 13, 2019 -
Partisan Conflict Index Updated
June 12, 2019 -
Analysis: May Unemployment Rate Nowcasts
June 7, 2019 -
Philadelphia Fed Releases June Livingston Survey
June 7, 2019 -
Tri-State Tracking Updated
June 7, 2019
Research & Data
Latest Data
Manufacturing Business Outlook
A monthly survey of manufacturers in the Third Federal Reserve District.
Nonmanufacturing Business Outlook
A monthly survey of nonmanufacturers in the Third Federal Reserve District.
Coincident Indexes
Combine four state-level indicators to summarize current economic conditions in a single statistic.
