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The Philadelphia Index is conducted monthly by the Federal Reserve Bank of Philadelphia and questions voluntary participants on things such as unemployment, new orders, shipments, inventories, and prices paid. The report is released on the third Thursday of every month, making it the earliest such regional report which is released to investors.
There are many coincident economic indicators, such as Gross Domestic Product, industrial production, personal income and retail sales. A coincident index may be used to identify, after the fact, the dates of peaks and troughs in the business cycle. [6] There are four economic statistics comprising the Index of Coincident Economic Indicators: [7]
Its geographical territory is by far the smallest in the system, and its population base is the second-smallest (next to the Federal Reserve Bank of Minneapolis). The current president of the Philadelphia Fed is Patrick T. Harker. [1] The Philadelphia Fed conducts research on both the national and regional economy.
This morning brought the weekly jobless claims and the Consumer Price Index from the Labor Department. Now we have two more key bits of data hitting the tape. The Conference Board's report on ...
History, for example, shows that the Fed’s goal of “softly landing” the U.S. economy — bringing down inflation without harming the job market or economy — has proven difficult and elusive.
The Federal Reserve Act of 1913 established the present day Federal Reserve System and brought all banks in the United States under the authority of the Federal Reserve (a quasi-governmental entity), creating the twelve regional Federal Reserve Banks which are supervised by the Federal Reserve Board.
The six-month outlook index, which has also been consistently negative starting in June, came in at negative 7.1, up from negative 14.9 in October. Philadelphia Fed factory activity index drops ...
FRASER (The Federal Reserve Archival System for Economic Research) is a digital archive begun in 2004 to safeguard, preserve and provide easy access to the United States’ economic history—particularly the history of the Federal Reserve System—through digitization of documents related to the U.S. financial system. [6]