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Thursday, October 30, 2014

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News & Advisories

Leading Indexes Suggest Expansion in 46 States into the First Quarter

October 29, 2014 — The Bank has released September's leading indexes, which are a six-month forecast of the state coincident indexes. The coincident indexes measure current economic activity in each of the 50 states. This month's leading indexes suggest economic expansion in 46 states into the first quarter of 2015. Read the report. PDF

Bank Announces Appointments to Community Depository Institutions Advisory Council

October 28, 2014 — The Bank has announced new appointments to its Community Depository Institutions Advisory Council. The council, composed of representatives from commercial banks, thrift institutions, and credit unions, shares insights on economic and business trends facing community depository institutions in their local markets. Read the release.

September's Coincident Indexes Show Increased Economic Activity in 43 States

October 23, 2014 — The Bank has released the coincident indexes, which measure current economic activity in each of the 50 states. In September, the indexes increased in 43 states, decreased in four, and remained stable in three. Read the report. PDF

South Jersey Business Survey Released

October 23, 2014 — The South Jersey Business Survey for the third quarter of 2014 has been released. The survey is based on responses from members of the Chamber of Commerce of Southern New Jersey.

Business Conditions Index Updated

October 23, 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 10/18/2014.

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.

Media Contacts

Marilyn Wimp, ABC E-mail
Manager of Media Relations
(215) 574-4197
(267) 254-4555 (cell)

Daneil Mazone E-mail
Media Relations Representative
(215) 574-7163
(267) 535-1808 (cell)

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