A closer look at student loan research shows that multifaceted solutions are needed to address the growing student debt issue, Federal Reserve Bank of Philadelphia President Patrick T. Harker said today in remarks at the Wharton School of the University of Pennsylvania. Read the press release. Read the speech.
Business activity in the region continued to expand in February, according to the firms responding to this month’s Nonmanufacturing Business Outlook Survey. The diffusion index for general activity at the firm level rose from a reading of 33.3 in January to 38.0 in February. Firms remained optimistic about future activity over the next six months. Read the report.
The Federal Reserve Bank of Philadelphia has appointed Devesh Raj, senior vice president of strategic and financial planning for Comcast Corporation, to its Economic and Community Advisory Council. Read the press release.
Manufacturing activity in the region continued to improve in February, according to firms responding to this month's Manufacturing Business Outlook Survey. The diffusion index of current activity increased from a reading of 23.6 in January to 43.3 this month. Read the report.
Inflation and labor market indicators suggest that the economy is “in pretty good shape,” but fiscal and other policies are necessary to move the needle on economic growth, Federal Reserve Bank of Philadelphia President Patrick T. Harker said today at the La Salle University 16th Annual Economic Outlook. Read the press release. 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.
A monthly survey of nonmanufacturers in the Third Federal Reserve District.
Combine four state-level indicators to summarize current economic conditions in a single statistic.
Predict the six-month growth rate of the state's coincident index.
Designed to track real macroeconomic activity at high frequency. Last updated on February 16, 2017.