President Charles I. Plosser welcomes participants to the 2013 Philadelphia Fed Policy Forum, "The History of Central Banking in the United States," with some thoughts about the Fed’s 100th anniversary. In the spirit of Nobel Prize-winning economist Douglass North’s work, Plosser believes we should seek ways to ensure that trust and credibility are embodied in the institution itself. Read the speech.
The Bank has released October’s leading indexes, which are a six-month forecast of the state coincident indexes. This month’s leading indexes suggest economic expansion in 46 states into the second quarter of 2014. The Bank has also released September’s leading indexes. Read the reports.
The upcoming installment of the Federal Reserve System’s Connecting Communities audioconference series will be held Tuesday, December 10, at 3:00 p.m. (ET). Speakers will discuss the roles that anchor institutions, and cultural and art organizations play in cities. The call-in event, which is free of charge, has an interactive Q&A component. Register for the audioconference here.
The Bank has released the coincident indexes, which measure current economic activity in each of the 50 states. In October, the indexes increased in 44 states, decreased in four, and remained stable in two. The Bank has also released September's coincident indexes. Read the reports.
The outlook for growth in the U.S. economy is little changed from the survey of three months ago, according to 42 participants in the Fourth Quarter Survey of Professional Forecasters. Survey participants predict a healthier labor market with slightly lower unemployment and higher job growth. Read the report.
President Charles Plosser shares his views on growth, labor markets, and inflation expectations. He also discusses why he believes it would be appropriate for the Fed to communicate the amount of assets it intends to purchase in the current program and bring the purchases to a close. Read the speech.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware. Learn more about us.
A monthly survey of manufacturers in the Third Federal Reserve District.
Predict the six-month growth rate of the state's coincident index.
Combine four state-level indicators to summarize current economic conditions in a single statistic.
Designed to track real macroeconomic activity at high frequency. Last updated on December 6, 2013.
There are currently no upcoming events.