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News & Advisories

Aruoba Term Structure of Inflation Expectations Updated

May 29, 2020 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the Aruoba Term Structure of Inflation Expectations (ATSIX), a smooth, continuous curve of inflation expectations three to 120 months ahead. The ATSIX is created by using a factor model that optimally combines several major surveys.

Business Conditions Index Updated

May 29, 2020 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on real manufacturing and trade sales for March 2020 and real personal income less transfer payments for April 2020.

Fed’s Harker: COVID-19 Crisis Has Heightened Income and Racial Disparities

May 28, 2020 — Patrick T. Harker, president and CEO of the Federal Reserve Bank of Philadelphia, told a webinar audience that the COVID-19 pandemic and ensuing economic shutdown have heightened inequities that were already present in American society. He presented his remarks at the Reinventing Our Communities: Planning for Equity in Recovery – Lessons We’re Learning from COVID-19 event on May 28. Read the press release. Read the speech.

Special Weekly Business Outlook Survey on COVID-19 Released

May 28, 2020 — The Federal Reserve Bank of Philadelphia has released its weekly survey that tracks the impacts of the COVID-19 pandemic on businesses in the Third District. Read the latest findings.

GDPplus Updated

May 28, 2020 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated GDPplus for the U.S. Bureau of Economic Analysis’s release today of quarterly data from the national income and product accounts.

Beige Book Released Today

May 27, 2020 — Business activity in the Third District continued to fall sharply during the current Beige Book period, as the COVID-19 pandemic persisted. Nearly all sectors are operating at lower levels of activity. Government assistance eased liquidity concerns and addressed rapidly rising joblessness. General prices have begun to fall, but the wage path remains mixed. Firms also remain uncertain of the future. Read the national summary.   Read the Philadelphia summary.

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