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Monday, September 22, 2014

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Highlights

  • Press ReleasePhiladelphia Fed President Plosser to Retire on March 1, 2015

    Charles I. Plosser, president and chief executive officer of the Federal Reserve Bank of Philadelphia, announces that he will retire, effective March 1, 2015. President Plosser, 66, has served as the 10th president of the Philadelphia Fed since August 1, 2006. Read the press release.

  • Nonmanufacturing Business Outlook SurveyPhiladelphia Fed to Release Nonmanufacturing Business Outlook Survey

    On Tuesday, September 23, the Federal Reserve Bank of Philadelphia's Research Department will release the Nonmanufacturing Business Outlook Survey (NBOS) to complement its Manufacturing Business Outlook Survey — the nation's oldest regional manufacturing survey, conducted since 1968. The addition of the NBOS will allow the Philadelphia Fed to more fully capture economic activity in its District. Read the press release.

  • Business Outlook SurveyFirms See Increased Business Activity in September

    Manufacturing activity continued to grow in September, according to firms responding to the latest Manufacturing Business Outlook Survey. Although the current activity index fell from a reading of 28.0 in August to 22.5 this month, the other broad indicators increased from their readings last month. The employment index increased to its highest reading since May 2011. Read the report. Listen to the audio conference. YouTube Video

  • Board of GovernorsFederal Open Market Committee (FOMC) Releases Statement

    The FOMC has released a statement detailing its economic outlook as well as its stance on continued accommodative monetary policy. Read the statement. External Link Watch Chair Janet Yellen’s press conference. External Link

  • Federal Reserve Bank of Philadelphia President Charles I. PlosserSpeech: The Economic Outlook

    President Charles Plosser gives his views on the economy and shares some thoughts about the stance of monetary policy. He also counters the view that rates cannot be raised because the labor market has not "completely" healed and discusses what he thinks are two major risks with this strategy. Read the speech.

  • Tri-State TrackingTri-State Tracking Updated

    The Philadelphia Fed has updated its monthly Tri-State Tracking series that provides statewide summaries of economic conditions using monthly and quarterly data of employment, housing, and personal income. Read the reports for Delaware PDF , New Jersey PDF , and Pennsylvania PDF.

  • Community Outlook SurveySurvey: Financial Conditions for Low- and Moderate-Income Households Are Stabilizing

    Responses from seventy-eight providers to low- and moderate-income households in the region suggest that economic conditions for their clients were stabilizing in the second quarter of 2014 relative to the first quarter, according to the Bank’s Second Quarter 2014 Community Outlook Survey. Job availability appears to be improving for the first time since the first quarter of 2013. Read the survey.

  • 2013 Annual ReportAnnual Report: '100 Years of Tradition and Transition'

    The Philadelphia Fed's 2013 annual report provides an overview of the 100-year history of the Federal Reserve System, including a chart comparing today's Federal Reserve with two prior attempts at American central banking. The report also contains messages from our president and first vice president as well as highlights of the Bank's achievements in 2013. Read the report.

  • Community Development Studies & Education Report: The Effectiveness of Pre-Purchase Homeownership Counseling and Financial Management Skills

    A new longitudinal study by the Community Development Studies and Education Department evaluates the effectiveness of pre-purchase homeownership and financial management skills counseling. The study uses an experimental design to assess the influence of counseling on credit scores, total debt, and delinquencies in payments. Read the study.PDF

The EconomyLast update: September 19, 2014, 2:00 p.m. ET

Business Outlook
Leading Indexes
Coincident Indexes
Employment Data
Housing
Data
ADS Business
Conditions
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Manufacturing Business Outlook Survey

Manufacturing Business Outlook Survey

A monthly survey of manufacturers in the Third Federal Reserve District.

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State Leading Indexes
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State Leading Indexes

Predict the six-month growth rate of the state's coincident index.

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State Coincident Indexes
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State Coincident Indexes

Combine four state-level indicators to summarize current economic conditions in a single statistic.

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Aruoba-Diebold-Scotti Business Conditions Index: Plot Since Last Peak
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Aruoba-Diebold-Scotti Business Conditions Index

Designed to track real macroeconomic activity at high frequency. Last updated on September 18, 2014.

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From the President

Charles I. Plosser
President and CEO

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