Map of the Twelve Federal Reserve Districts
Image map of the United States with links to websites of the Federal Reserve Districts
First District: Boston Second District: New York Third District: Philadelphia Fourth District: Cleveland Board of Governors Board of Governors Fifth District: Richmond Sixth District: Atlanta Seventh District: Chicago Eighth District: St. Louis Ninth District: Minneapolis Tenth District: Kansas City Eleventh District: Dallas Twelfth District: San Francisco Twelfth District: San Francisco
National Bureau of Economic Research (NBER)
Business Cycle Dating Committee Page - Watch NBER's Jim Poterba on CNBC June2020 - Dec2009 - Sep2010.

Current Peak in U.S. Economic Activity was February 2020
Last Peak in U.S. Economic Activity was December 2007 and Last Trough was June 2009
Previous Peak in U.S. Economic Activity was March 2001 and Previous Trough was November 2001

More Federal Reserve System News

Federal Reserve Press Release
08/04/20Federal Reserve Board announces approval of the application by Apex Bancorp, Inc.
08/03/20Senior Loan Officer Opinion Survey on Bank Lending Practices
07/29/20Federal Reserve issues FOMC statement
07/29/20Federal Reserve Board announces the extensions of its temporary U.S. dollar liquidity swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) through March 31, 2021
07/28/20Federal Reserve Board announces an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30
07/24/20Federal Reserve Board finalizes rule that implements technical, clarifying updates to Freedom of Information Act (FOIA) procedures and changes to rules for the disclosure of confidential supervisory information (CSI)
07/23/20Federal Reserve Board announces expansion of counterparties in the Term Asset-Backed Securities Loan Facility, Secondary Market Corporate Credit Facility, and Commercial Paper Funding Facility
07/21/20Federal Reserve Board to maintain the current schedule of prices for most payment services that the Federal Reserve Banks provide to depository institutions in 2021
07/17/20Federal Reserve Board modifies Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations
07/15/20Federal Reserve Board announces extension of rule change to bolster effectiveness of the Small Business Administration's Paycheck Protection Program
Economic Events this Week
8/3Mon10:00AM : Jun Construction Spending
8/3Mon10:00AM : Jul ISM Manufacturing Index
8/4Tue07:45AM : Weekly TRE-GS Store Sales Index
8/4Tue08:30AM : July ISM-New York Report On Business
8/4Tue08:30AM : Jul Paychex-IHS Small Business Jobs Index
8/4Tue09:00AM : Weekly Redbook Retail Sales Index
8/4Tue10:00AM : Jun Factory Orders
8/5Wed07:00AM : Weekly MBA Mortgage Applications Survey
8/5Wed08:15AM : Jul ADP National Employment Report
8/5Wed08:30AM : Jun U.S. Trade Deficit
8/5Wed10:00AM : Jul ISM Non-Manufacturing Index
8/5Wed10:30AM : Weekly U.S. Petroleum Status Report
8/6Thu07:30AM : Jul Challenger Report U.S. Layoffs
8/6Thu08:30AM : Weekly Initial Jobless Claims
8/7Fri08:30AM : Jul Unemployment Rate
8/7Fri08:30AM : Jul Non-Farms Payrolls
8/7Fri10:00AM : Jun Wholesale Inventories
8/7Fri03:00PM : Jun Consumer Credit
Latest Economic Results Provided by
Weekly Initial Unemployment Claims Decrease 249,000 to 1,186,000

08/06/20 - In the week ending August 1, the advance figure for seasonally adjusted initial claims was 1,186,000, a decrease of 249,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 1,434,000 to 1,435,000. The 4-week moving average was 1,337,750, a decrease of 31,000 from the previous week's revised …more…

Challenger Layoffs announced 262,649 cuts in July 2020

08/06/20 - Job cuts announced by U.S.-based employers jumped in July to 262,649, the third-largest monthly total ever behind April’s 671,129 and May’s 397,016, according to a monthly report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.
July’s total is 54% higher than the 170,219 job …more…

ISM Non-Manufacturing Index increased to 58.1% in July

08/05/20 - Economic activity in the Services sector (formally non-manufacturing sector) grew in July for the second month in a row, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.

The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: “The Services PMI™ registered 58.1 percent, 1 percentage point higher than the June reading of 57.1 percent. …more…

Goods and Services Deficit Decreased in June 2020

08/05/20 - The nation's international trade deficit in goods and services decreased to $50.7 billion in June from $54.8 billion in May (revised), as exports increased more than imports. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $50.7 billion in June, down $4.1 billion from …more…

ADP National Employment Report Increased by 167,000 jobs in July

08/05/20 - Private sector employment increased by 167,000 jobs from June to July according to the July ADP National Employment Report®. “The labor market recovery slowed in the month of July,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “We have seen the slowdown impact businesses across all sizes …more…

Purchase Apps down, Refi's down in Latest MBA Weekly Survey

08/05/20 - Mortgage applications decreased 5.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 31, 2020.

The Market Composite Index, a measure of mortgage loan application volume, decreased 5.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 5 percent compared with the previous week. The Refinance Index decreased 7 …more…

New orders for manufactured goods increased 6.2% in June 2020

08/04/20 - Summary
New orders for manufactured goods in June, up two consecutive months, increased $25.5 billion or 6.2 percent to $437.2 billion, the U.S. Census Bureau reported today. This followed a 7.7 percent May increase. Shipments, also up two consecutive months, increased $40.7 billion or 9.8 percent to $457.3 billion. This followed a 3.0 percent …more…

Paychex-IHS Small Business Jobs Index slipped to 94.59 in July

08/04/20 - The latest Paychex | IHS Markit Small Business Employment Watch shows that employment growth moderated as new COVID-19 hot spots emerged in the South and West regions of the U.S. The national jobs index slipped 0.24 percent in July to 94.59. Hourly earnings growth also slowed slightly to 3.29 percent last month, but increasing hours …more…

New York Purchasing Managers Business Activity rose to 53.5 in July

08/04/20 - In July, New York City purchasing managers reported several 5 and 6 month highs while the Six Month Outlook lost the gains reported in June, according to the survey taken by the Institute for Supply Management New York.

New York Metro
Current Business Conditions rose 14 points to 53.5 in July, increasing for the third month in a row and reaching a 15 month high. This month marks the first time Current Business Conditions have been above the breakeven point since February. The Six Month …more…

Construction Spending Decreased 0.7% in June 2020

08/03/20 - Total Construction
Construction spending during June 2020 was estimated at a seasonally adjusted annual rate of $1,355.2 billion, 0.7 percent (±1.2 percent)* below the revised May estimate of $1,364.7 billion. The June figure is 0.1 percent (±1.5 percent)* above the June 2019 estimate of $1,354.1 billion. During the first six months of this …more…

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Philadelphia Federal Reserve
10 N Independence Mall W
Philadelphia, PA 19106
(Seventh & Arch St Entrance)

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Bond Club of Philadelphia - Economic Events and News

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