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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.
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 ...
Unemployment is an example of a countercyclical variable. [4] Similarly, business failures and stock market prices tend to be countercyclical. In finance, an asset that tends to do well while the economy as a whole is doing poorly is referred to as countercyclical, and could be for example a business or a financial instrument whose value is ...
Instruments of monetary policy have included short-term interest rates and bank reserves through the monetary base. [1]With the creation of the Bank of England in 1694, which acquired the responsibility to print notes and back them with gold, the idea of monetary policy as independent of executive action began to be established. [2]
Indexes and ETFs to watch Broadly, the stock market rally will also be in focus. The S&P 500 is within striking distance of its all-time high after the Dow recently set its own new record.
The Fed’s preferred measure of inflation — the consumption expenditures index, excluding volatile food and energy prices — rose 4.7% over the prior year in April, accelerating from a 4.6% ...