The Bank has released its latest “Monetary Policy Report: Using Rules for Benchmarking,” which highlights ongoing work to benchmark the stance of monetary policy using a range of robust policy rules. Read the report.
Registration is now open for the Capital for Communities: Pay for Success Financing conference on November 4, 2015. This conference will focus on the structure and uses of pay for success financing/social impact bonds (SIBs). Participants will hear perspectives from national experts on pay for success financing and explore case studies of existing projects. Register for the conference.
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 , New Jersey , and Pennsylvania .
President Patrick Harker highlights the work of the Philadelphia Fed as he welcomes participants to the Payment Cards Center and the Research Department’s eighth biennial research conference, which explores consumer behavior in credit and payments markets. Read President Harker’s remarks.
The latest issue of Cascade focuses on pay for success financing, three leading impact investing initiatives, community development financial institution capital access breakthroughs, and The Reinvestment Fund’s new priorities and insights. Read the issue.
The Bank has released August’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 47 states into the first quarter of 2016. Read the report.
The Bank has released the August state coincident indexes, which measure current economic activity in each of the 50 states. This month’s coincident indexes suggest expansion in 41 states. Read the report.
The pace of activity in the region's nonmanufacturing sectors continued to improve in September, 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, rising 19 points, to 26.8. Responding firms continue to be highly optimistic about business activity in the region and in their own firms over the next six months. Read the report.
The Philadelphia Fed has announced that William G. Spaniel will head the Bank’s Supervision, Regulation, and Credit Department as senior vice president and lending officer, effective November 1, 2015. Spaniel is currently senior associate director of the Division of Banking Supervision and Regulation at the Board of Governors. Read the release.
Manufacturing activity was mixed in September, according to firms responding to the latest Manufacturing Business Outlook Survey. The diffusion index of current activity decreased from 8.3 in August to -6.0 this month. Read the report.
Two new reports summarize research on opportunity occupations, or occupations that pay decent wages and are generally considered accessible to a worker without a college degree. One report analyzes data from the 100 largest metropolitan areas, and the other focuses on metro areas in Pennsylvania, New Jersey, and Delaware. Access the reports here. Read the press release.
Blake Prichard, first vice president and chief operating officer of the Federal Reserve Bank of Philadelphia, has announced his plans to retire on February 29, 2016, after more than four decades of service to the Federal Reserve System. Read the release.
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 October 8, 2015.