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Wednesday, October 22, 2014

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News & Advisories

Regional Activity in Nonmanufacturing Industries Expands

October 21, 2014 — The region's nonmanufacturing sectors continued to grow in October, according to firms responding to this month's Nonmanufacturing Business Outlook Survey. The diffusion index for current activity at the firm level increased for the second consecutive month, from 35.7 in September to 44.1 in October. Read the report.

Manufacturers Indicate Continued Growth in October

October 16, 2014 — Manufacturing activity continued to grow in October, according to firms responding to the latest Manufacturing Business Outlook Survey. Most broad indicators of current growth, while positive, weakened from higher readings last month. The diffusion index for current activity edged down from a reading of 22.5 in September to 20.7 this month. Read the report. Listen to the audio conference.

Business Conditions Index Updated

October 16, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 10/11/2014 and industrial production for September 2014.

Speech: The Economic Outlook and Monetary Policy

October 16, 2014 — President Charles Plosser gives his views on the regional and national economy and discusses why he remains optimistic about the economic outlook. He also shares his thoughts about monetary policy and explains why he departed from the majority view at the July and September FOMC meetings. Read the speech.

Beige Book Released Today

October 15, 2014 — The Federal Reserve Board of Governors today released the Beige Book, External Link a summary of comments received from business and other contacts outside the Federal Reserve System. It is released in advance of a Federal Open Market Committee meeting. See the Philadelphia summary.

Speech: Communicating a Systematic Monetary Policy

October 10, 2014 — President Charles Plosser discusses how effective communications and a systematic, rule-like monetary policy lead to better economic outcomes. He also outlines why policymakers should describe the reaction function that determines how the current and future policy rates will be set depending on economic data. Read the speech.

Business Conditions Index Updated

October 9, 2014 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 10/4/2014.

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Marilyn Wimp, ABC E-mail
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(215) 574-4197
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Daneil Mazone E-mail
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(267) 535-1808 (cell)

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