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 Dec2009 - Sep2010.

Last Peak in U.S. Economic Activity was December 2007 and Current 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

Economic Events this Week
4/23Mon08:30AM : Mar Chicago Fed National Activity Index (CFNAI)
4/23Mon10:00AM : Mar Exisiting Home Sales
4/24Tue07:45AM : Weekly TRE-GS Store Sales Index
4/24Tue08:30AM : Apr Philadelphia Fed Non-Mfg Business Outlook Survey
4/24Tue09:00AM : Feb S&P/Case-Shiller Home Price Index
4/24Tue09:00AM : Weekly Redbook Retail Sales Index
4/24Tue10:00AM : Mar New Home Sales
4/24Tue10:00AM : Apr Conference Board Consumer Confidence Index
4/24Tue10:00AM : Apr Richmond Fed Manufacturing Survey
4/25Wed07:00AM : Weekly MBA Mortgage Applications Survey
4/25Wed10:00AM : 3Q2017 Business Employment Dynamics
4/25Wed10:30AM : Weekly U.S. Petroleum Status Report
4/26Thu08:30AM : Mar Durable Goods Orders
4/26Thu08:30AM : Weekly Initial Jobless Claims
4/26Thu10:00AM : 1Q2018 Housing Vacancies/Ownership
4/26Thu11:00AM : Apr Kansas City Fed Manufacturing Survey
4/27Fri08:30AM : 1Q2018 Gross Domestic Product (GDP) Advance
4/27Fri08:30AM : 1Q2018 Employment Cost Index (ECI)
4/27Fri10:00AM : Apr Univ. of Michigan Consumer Sentiment Index
Latest Economic Results Provided by
U.S. Leading Economic Index increased 0.3% in March

04/19/18 - The Conference Board Leading Economic Index® (LEI)for theU.S. increased 0.3 percent in March to 109.0 (2016 = 100), following a 0.7 percent increase in February, and a 0.8 percent increase in January.

“The U.S. LEI increased in March, and while the monthly gain is slower than in previous months, its six-month growth rate increased further and points to continued solid growth in the U.S. economy for the rest of the year,” said Ataman Ozyildirim, Director of Business …more…

Weekly Initial Unemployment Claims Decrease 1,000 to 232,000

04/19/18 - In the week ending April 14, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 1,000 from the previous week's unrevised level of 233,000. The 4-week moving average was 231,250, an increase of 1,250 from the previous week's unrevised average of 230,000. Claims taking procedures in Puerto Rico and in the …more…

Philadelphia Fed Outlook Reported Activity Suggest Continued Growth in April

04/19/18 - Results from the April Manufacturing Business Outlook Survey suggest continued growth for the region’s manufacturing sector. Although the survey’s indexes for general activity and employment improved slightly, the indexes for new orders and shipments moderated. The firms also reported higher prices for both inputs and their own manufactured …more…

Beige Book: Economic Activity continued to expand at a modest to moderate pace

04/18/18 - Economic activity continued to expand at a modest to moderate pace across the 12 Federal Reserve Districts in March and early April. Outlooks remained positive, but contacts in various sectors including manufacturing, agriculture, and transportation expressed concern about the newly imposed and/or proposed tariffs. Consumer spending rose in …more…

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

04/18/18 - Mortgage applications increased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 13, 2018.

The Market Composite Index, a measure of mortgage loan application volume, increased 4.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 6 percent compared with the previous week. The Refinance Index increased 4 …more…

Industrial Production rose 0.5%
Capacity Utilization up to 78.0%

04/17/18 - Industrial production rose 0.5 percent in March after increasing 1.0 percent in February; the index advanced 4.5 percent at an annual rate for the first quarter as a whole. After having climbed 1.5 percent in February, manufacturing production edged up 0.1 percent in March. Mining output rose 1.0 percent, mostly as a result of gains in oil and …more…

March Housing Starts increased 1.9%, Permits up 2.5%

04/17/18 - Building Permits
Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,354,000. This is 2.5 percent (±1.4 percent) above the revised February rate of 1,321,000 and is 7.5 percent (±1.4 percent) above the March 2017 rate of 1,260,000. Single-family authorizations in March were at a …more…

Treasury International Capital Data for February 2018

04/16/18 - The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for February 2018. The sum total in February of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $44.7 billion. Of this, net foreign private inflows were $26.9 billion, …more…

Business Inventories up 0.6% in February

04/16/18 - The combined value of distributive trade sales and manufacturers’ shipments for February, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,430.4 billion, up 0.4 percent (±0.2 percent) from January 2018 and was up 5.8 percent (±0.3 percent) from …more…

Builder Confidence slips 1 point to 69 in April

04/16/18 - Builder confidence in the market for newly-built single-family homes edged down one point to a level of 69 in April on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) but remains on firm ground.

“Strong demand for housing is keeping builders optimistic about future market conditions,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “However, builders are facing supply-side constraints, such as a lack of buildable lots and increasing …more…

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

National Association for Business Economics

Global Interdependence Center
Philadelphia, PA

CFA Society of Philadelphia

Bond Club of Philadelphia - Economic Events and News

Philadelphia Business Journal

Quick Links
Financial Times (UK)
NBC News
NY Times
Philadelphia Biz Journal
The Economist
Dismal Scientist
Dr. Ed Yardeni
Dr. Jeremy Siegel
FRED Graph
Lawrence Kudlow
Stone McCarthy
Market Map