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Saturday, February 13, 2016

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News & Advisories

Philadelphia Fed Names First Vice President and Chief Operating Officer

February 12, 2016 — The Federal Reserve Bank of Philadelphia today announced the appointment of James D. Narron to first vice president and chief operating officer, effective April 1, 2016. Narron is currently a senior vice president and product manager at the Federal Reserve Bank of San Francisco. Narron will succeed D. Blake Prichard who will retire on February 29, 2016, after more than four decades of service to the Federal Reserve System. Read the release.

Forecasters Predict Lower Growth over the Next Three Years

February 12, 2016 — The outlook for growth in the U.S. economy over the next three years looks weaker now than it did three months ago, according to the 40 participants responding to the First Quarter Survey of Professional Forecasters. Their outlook for the labor market is slightly positive, and the panel expects real GDP to grow at an annual rate of 2.0 percent this quarter and 2.5 percent next quarter. Read the report.

Business Conditions Index Updated

February 11, 2016 — 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 2/6/16.

Analysis: January Unemployment Rate Nowcasts

February 5, 2016 — The Federal Reserve Bank of Philadelphia’s January nowcasts predict that unemployment rates are expected to decrease in Pennsylvania, New Jersey, and Delaware. Read the report PDF.

Tri-State Tracking Updated

February 5, 2016 — 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. The latest update includes monthly data for employment, building permits, and mortgage delinquencies through December 2015 and quarterly data for house prices and personal income through the third quarter of 2015. Read the reports for Delaware PDF , New Jersey PDF , and Pennsylvania PDF.

Business Conditions Index Updated

February 5, 2016 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on payroll employment for January 2016.

Business Conditions Index Updated

February 4, 2016 — 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 1/30/16.

December’s Leading Indexes Suggest Expansion in 42 States into the Second Quarter of 2016

February 3, 2016 — The Bank has released December’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 42 states into the second quarter of 2016. Read the report. PDF

Media Contacts

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

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

Rachel Brown E-mail
Media Relations Representative
(215) 574-3840
(215) 435-5249 (cell)

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