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05/15/2008 04:00 PM
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Manufacturers See Continued Weakness
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May 15, 2008 â The Federal Reserve Bank of Philadelphia today released Mayâs Business Outlook Survey. The manufacturing firms participating in the survey said business activity showed continued weakness this month. In the special questions, the firms were asked if they had experienced difficulty filling job openings because candidates were unqualified.
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05/02/2008 04:00 PM
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Forecasters Now Classified by Industry
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May 2, 2008 â The Federal Reserve Bank of Philadelphia's Research Department has categorized Survey of Professional Forecasters participants by their association with either a financial services provider or a nonfinancial services provider in order to get a better understanding of how industry affiliation influences projections for economic indicators.
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04/30/2008 10:00 PM
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FOMC Lowers Target for Fed Funds Rate
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April 30, 2008 â The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 2 percent.
Mas Info
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04/30/2008 10:00 PM
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Bank's Annual Report Released Today
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April 30, 2008 âThe Federal Reserve Bank of Philadelphia's annual report for 2007 was released today. It features an essay addressing the question: Is it better for a policymaker to commit to a particular course of action or to approach each situation with unconstrained flexibility? The report also highlights changes in the Bank's checks operation, the Bankâs new role in the U.S. Treasury's programs, and plans for a screening facility.
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04/29/2008 09:25 PM
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South Jersey Firms See Weak Business Activity
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April 29, 2008 âThe Federal Reserve Bank of Philadelphia today released the First Quarter 2008 South Jersey Business Survey. The firms polled perceived that conditions in the national, state, and regional economies continued to deteriorate during the first quarter. In the special questions, about 30 percent of the firms surveyed linked a decrease in demand to higher energy prices.
Mas Info
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04/29/2008 04:00 PM
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Philadelphia Fed Releases Leading Indexes
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April 29, 2008 â The Philadelphia Fed today released the March leading indexes for Delaware, New Jersey, and Pennsylvania.
Mas Info
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04/28/2008 09:15 PM
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Special Report: Industry Concentrations
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April 28, 2008 â In a Research Rap Special Report, âIndustry Concentration in the Tri-State Metropolitan Areas,â Senior Economic Analyst Tim Schiller looks at industry concentration measured by employment and how it can be used to help determine how a local areaâs economy will fare in response to developments that affect major industries.
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04/25/2008 02:30 PM
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Philadelphia Fed Analysis: Housing Permits
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April 25, 2008 â The Philadelphia Fed today posted analysis related to the release of data on regional housing permits during the month of March.
Mas Info
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04/22/2008 04:00 PM
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Coincident Indexes Released Today
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April 22, 2008 â The Federal Reserve Bank of Philadelphia today released the March coincident indexes for all 50 states.
Mas Info
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04/21/2008 02:30 PM
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Analysis: State Employment
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April 21, 2008 â The Philadelphia Fed today posted an analysis related to the March state employment statistics for Delaware, New Jersey, and Pennsylvania. The analysis is based on data released by the Bureau of Labor Statistics.
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04/18/2008 03:30 PM
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Speech: Monetary Policy and Financial Stability
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April 18, 2008 â President Charles I. Plosser today talked about âMonetary Policy and Financial Stabilityâ at a conference hosted by the Global Interdependence Center and Drexel Universityâs LeBow College of Business. In his remarks, Plosser outlined the Federal Reserveâs response to turmoil in the financial markets on several fronts, including lowering the fed funds rate and providing additional liquidity.
Mas Info
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04/17/2008 04:00 PM
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Manufacturers Report Continued Weakness
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April 17, 2008 â The Federal Reserve Bank of Philadelphia today released April's Business Outlook Survey. Activity in the region's manufacturing sector continued to weaken this month, according to the firms polled for this survey. In the special questions, firms were asked about changes in demand and plans for capital spending since the beginning of this year.
Mas Info
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04/16/2008 06:30 PM
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Speech: Education and Economic Prosperity
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April 16, 2008 â President Charles I. Plosser today talked about âEducation and Economic Prosperityâ at Montgomery County Community College. In his remarks, Plosser emphasized the importance of education and its critical role in the economy.
Mas Info
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04/15/2008 07:40 PM
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Coincident Indexes: Recession or Not?
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April 15, 2008 â In a Federal Reserve Bank of Philadelphia Research Rap Special Report, a Philadelphia Fed senior economic analyst makes a case for using the 50-state coincident indexes to determine whether a recession has occurred, giving economists a four- to six-month lead before the official announcement from the traditional arbiter of recession timing, the National Bureau of Economic Research.
Mas Info
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04/07/2008 07:45 PM
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Podcast: April Is Financial Education Month
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April 7, 2008 â In Aprilâs âMoments in Money and Economics,â Andrew Hill, economic education advisor, Federal Reserve Bank of Philadelphia, talks about Financial Education month and the importance of teaching our children how to make good financial decisions.
Mas Info
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04/03/2008 10:15 PM
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Inspiring Words from Turin, Italy
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April 3, 2008 â In "Lessons from Europe," Valentino Castellani, former Mayor of Turin, Italy, and president, Organizing Committee, 2006 Turin Olympic Winter Games, speaks about his city and its successful rebounds from crises, including the loss of the automobile manufacturer Fiat. Castellani also gives his perspective on Philadelphia and its future. This audio was recorded last month during the Philadelphia Fedâs conference on Reinventing Older Communities: How Does Place Matter?
Mas Info
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04/01/2008 10:15 PM
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New York Fed: Maps Detailing Subprime Data
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April 1, 2008 - The Federal Reserve Bank of New York today made available dynamic maps that show conditions and density of owner-occupied subprime mortgage loans for the states, counties, and zip codes in the United States.
Mas Info
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04/01/2008 05:00 PM
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Coincident, Leading Indexes Released Today
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April 1, 2008 - The leading indexes for Delaware, New Jersey, and Pennsylvania, and the coincident indexes for the 50 states were released today.
Mas Info
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03/31/2008 07:05 PM
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Fed Continues to Restructure Checks Business
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March 31, 2008 â The Federal Reserve Banks today said they will implement plans to consolidate check processing operations sooner than was previously announced. The move is related to the continuing declines in check volume and the accelerating increase in the use of electronic check processing.
Mas Info
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03/31/2008 03:30 PM
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Philadelphia Fed Analysis: Regional Employment
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March 31, 2008 â The Philadelphia Fed today posted analysis related to employment statistics for Delaware, New Jersey, and Pennsylvania.
Mas Info
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03/28/2008 02:30 PM
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Philadelphia Fed Analysis: Fourth-Quarter Income
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March 28, 2008 â The Philadelphia Fed today posted analysis related to data on fourth-quarter state personal income recently released by the U.S. Bureau of Economic Analysis.
Mas Info
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03/28/2008 12:30 PM
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Fed Speech Focuses on Sound Central Banking
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March 28, 2008 â President Charles I. Plosser will focus on some of the principles of sound central banking and why he believes adhering to these principles can enhance the effectiveness of monetary policy in these challenging times.
Mas Info
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03/27/2008 02:30 PM
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Philadelphia Fed Analysis: Housing Permits
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March 27, 2008 â The Philadelphia Fed today posted analysis related to the release of data on regional housing permits during the month of February.
Mas Info
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03/20/2008 04:00 PM
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Manufacturers See Weak Activity
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March 20, 2008 - The Federal Reserve Bank of Philadelphia today released Marchâs Business Outlook Survey. The manufacturing firms participating in the survey saw weak activity in their plants this month. In the special questions, firms were asked about their expectations for changes in production in the second quarter 2008 compared to the first quarter.
Mas Info
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03/18/2008 10:05 PM
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FOMC Lowers Target for Fed Funds Rate
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March 18, 2008 â The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent.
Mas Info
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03/18/2008 10:05 PM
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Media Advisory: Manufacturing Firms Asked About Production
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The Philadelphia Fed will release March's Business Outlook Survey at 10 a.m., Thursday, March 21, 2008. In the special questions, the firms were asked about expectations for changes in production in the second quarter. To participate in the conference call for press or to interview our analyst, contact Katherine Q. Dibling at 215-574-4119.
Mas Info
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03/18/2008 04:00 PM
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Coincident, Leading Indexes Released
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March 18, 2008 â The Federal Reserve Bank of Philadelphia released the coincident indexes for the 50 states and the leading indexes for Delaware, New Jersey, and Pennsylvania.
Mas Info
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03/13/2008 08:50 PM
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Learn About the New $5
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March 13, 2008 â The redesigned $5 bill enters circulation today. Learn all about its security and design features by listening to Federal Reserve Bank of Philadelphia's economic education advisor, Andrew Hill, on "Moments in Money and Economics," a podcast on topics in personal finance and economics.
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03/12/2008 02:30 PM
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Analysis: Regional Employment
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March 12, 2008 â The Philadelphia Fed today posted analysis related to employment statistics for Delaware, New Jersey, and Pennsylvania.
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03/10/2008 08:40 PM
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Business Review Released
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March 10, 2008 â The first-quarter Business Review provides economic insight into the fresh-start provision of the bankruptcy law, examines the region's standing with respect to college education and compares it with the nation's, and outlines some evidence on the Industrial Revolution and the demographic transition and two economic theories that link these events. The issue also offers summaries of two conferences: Recent Developments in Consumer Credit and Payments and Financing Community Development: Learning from the Past, Looking to the Future.
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03/06/2008 04:50 PM
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Beige Book Available Now
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March 6, 2008 â The Federal Reserve Board of Governors posted the Beige Book, which is a collection of anecdotal information on current economic conditions as reported by each of the 12 Federal Reserve Banks. It is published eight times per year. See the Philadelphia Fedâs summary at http://www.federalreserve.gov/fomc/beigebook/2008/20080305/3.htm.
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03/05/2008 04:45 PM
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Audio: Subprime Mortgage Crisis
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March 5, 2008 â Sandra Braunstein, director, Division of Consumer and Community Affairs, at the Federal Reserve Board of Governors, talks about regulations the Federal Reserve is proposing to address egregious practices in mortgage lending. Listen to Keynote Conversations. Braunstein will be giving a presentation on this topic at Reinventing Older Communities: How Does Place Matter? The conference is scheduled for Wednesday, March 26, through Friday, March 28, in Philadelphia. Regular registration is open through Friday, March 14.
Mas Info
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03/03/2008 02:00 PM
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Speech: Benefits of Systematic Monetary Policy
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March 3, 2008 â President Plosser discusses why monetary policymakers should pursue a more systematic approach in their decision making and highlights how it contributes to a more stable and efficient economy over the long run.
Mas Info
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02/28/2008 02:30 PM
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Analysis: Housing Permits
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February 28, 2008 â The Philadelphia Fed today posted analysis related to data on regional housing permits for January. The Census Bureau releases these data each month.
Mas Info
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02/27/2008 02:30 PM
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Analysis: Housing Price Appreciation
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February 27, 2008 â The Philadelphia Fed today posted analysis related to quarterly statistics on regional house price appreciation released by the Office of Federal Housing Enterprise Oversight (OFHEO).
Mas Info
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02/25/2008 01:35 PM
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Banking Legislation and Policy Released
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February 25, 2008 â The Philadelphia Fed has released the fourth-quarter 2007 issue of Banking Legislation and Policy. This publication summarizes and updates pending banking and financial legislation, regulation, and judicial activity at the federal level and for the Third District states (Pennsylvania, New Jersey, and Delaware).
Mas Info
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02/21/2008 04:00 PM
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Firms Continue to See Weak Conditions
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February 21, 2008 â Activity in the regionâs manufacturing sector continued to weaken in February, according to firms polled for the Business Outlook Survey. In the survey's special questions, participants were asked about inventories. See the summary and listen to audio of the press conference.
Mas Info
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02/20/2008 04:45 PM
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Cascade: Nonprofit Lending Institutions
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February 20, 2008 â The Federal Reserve Bank of Philadelphia today released the winter edition of Cascade, the Bankâs community development publication. This edition focuses on community development financial institutions (CDFIs). CDFIs serve low-income people or work in economically distressed communities. Frequently, CDFIs work in markets that may be underserved by traditional financial institutions.
Mas Info
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02/15/2008 05:05 PM
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Audio Interviews with Conference Speakers
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February 15, 2008 â The Federal Reserve Bank of Philadelphia introduces âKeynote Conversations.â Dede Myers, vice president and Community Affairs officer, Federal Reserve Bank of Philadelphia, conducts audio interviews with keynote speakers at the March 2008 Reinventing Older Communities: How Does Place Matter? In the first interview, Blueprint for American Prosperity, Dede speaks with Bruce Katz, vice president and director, Metropolitan Policy Program, the Brookings Institution.
Mas Info
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02/11/2008 02:50 PM
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Conference Asks: How Does Place Matter?
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February 11, 2008 â The Federal Reserve Bank of Philadelphia expects hundreds of community development practitioners, bankers, researchers, and media representatives to attend the 2008 conference on Reinventing Older Communities: How Does Place Matter? The conference is scheduled for Wednesday, March 26, through Friday, March 28, 2008, in Philadelphia. For more details about the conference, read the news release and listen to an audio summary of conference highlights.
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