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 Report
Opportunity Occupations Revisited
This report finds that higher-wage jobs for workers without a bachelor’s degree account for 21.6 percent of total employment, but that share varies widely across the nation’s largest metro areas.Read the Report
Natural Rates of Interest Could Be Affecting U.S. Business Dynamism
In remarks to business economists in Philadelphia, Patrick Harker gave his economic outlook and discussed new research that may help to explain why business dynamism has been in decline in the U.S. for several decades.Read the Speech
Philadelphia Fed Releases Report to Congress on Diversity Efforts
We have released the 2018 Report to Congress on the Office of Minority and Women Inclusion, which highlights how we work to ensure diversity among our employees and suppliers and improve financial literacy in the Third District.Read the Report
Federal Open Market Committee (FOMC) Releases Statement
Consistent with its statutory mandate, the FOMC seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.Read the Statement
Estimating Today's Commercial Real Estate Risk
To survive a decline in commercial real estate prices such as occurred during the financial crisis, how much more capital do banks today need?Read the Article
Business Conditions Index Updated
April 25, 2019
March’s Coincident Indexes Show Increased Economic Activity in 44 States over the Past Three Months
April 24, 2019
Current Indicators Suggest Nonmanufacturing Activity Continued to Grow in April
April 23, 2019
Regional Manufacturing Activity Continued to Expand in April
April 18, 2019
Beige Book Released Today
April 17, 2019
Opportunity Occupations Revisited: Exploring Employment for Sub-Baccalaureate Workers Across Metro Areas and Over Time
April 17, 2019
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.