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
7/16Mon08:30AM : Jun Retail Sales
7/16Mon08:30AM : Jun Retail Sales Ex Autos
7/16Mon08:30AM : Jul New York Fed Empire State Manufacturing Survey
7/16Mon10:00AM : May Business Inventories
7/17Tue07:45AM : Weekly TRE-GS Store Sales Index
7/17Tue09:00AM : Weekly Redbook Retail Sales Index
7/17Tue09:15AM : Jun Industrial Production
7/17Tue09:15AM : Jun Capacity Utilization
7/17Tue10:00AM : Jul NAHB Housing Market Index
7/17Tue04:00PM : July U.S. Treasury International Capital
7/18Wed07:00AM : Weekly MBA Mortgage Applications Survey
7/18Wed08:15AM : 2Q2018 ADP Workforce Vitality Index
7/18Wed08:30AM : Jun Housing Starts
7/18Wed10:30AM : Weekly U.S. Petroleum Status Report
7/18Wed02:00PM : Federal Reserve Beige Book
7/19Thu08:30AM : Jul Philadelphia Fed Mfg Business Outlook Survey
7/19Thu08:30AM : Weekly Initial Jobless Claims
7/19Thu10:00AM : Jun Conference Board U.S. Leading Economic Indicators
7/20Fri10:00AM : Jun Regional and State Employment and Unemployment
Latest Economic Results Provided by
Treasury International Capital Data for May 2018

07/17/18 - The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for May 2018. The sum total in May of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $69.9 billion. Of this, net foreign private inflows were $58.8 billion, and net …more…

Builder Confidence remained unchanged at 68 in July

07/17/18 - Builder confidence in the market for newly built single-family homes remained unchanged at a solid 68 reading in July on the NAHB/Wells Fargo Housing Market Index (HMI).

“Consumer demand for single-family homes is holding strong this summer, buoyed by steady job growth, income gains and low unemployment in many parts of the country,” said NAHB Chairman Randy Noel. …more…

Industrial Production rose 0.6%
Capacity Utilization increased to 78.0%

07/17/18 - Industrial production rose 0.6 percent in June after declining 0.5 percent in May. For the second quarter as a whole, industrial production advanced at an annual rate of 6.0 percent, its third consecutive quarterly increase. Manufacturing output moved up 0.8 percent in June. The production of motor vehicles and parts rebounded last month …more…

Business Inventories up 0.4% in May

07/16/18 - The combined value of distributive trade sales and manufacturers’ shipments for May, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,449.7 billion, up 1.4 percent (±0.2 percent) from April 2018 and was up 8.6 percent (±1.2 percent) from …more…

U.S. Retail Sales for June Increase 0.5%, Ex-Auto up 0.4%

07/16/18 - Advance estimates of U.S. retail and food services sales for June 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $506.8 billion, an increase of 0.5 percent (±0.4 percent) from the previous month, and 6.6 percent (±0.5 percent) above June 2017. Total sales for the April 2018 …more…

Empire State Manufacturing Survey Conditions expanded at the same brisk pace in July

07/16/18 - Business activity continued to grow at a fairly brisk pace in New York State, according to firms responding to the July 2018 Empire State Manufacturing Survey. The headline general business conditions index edged down by over two points to 22.6—still a high level, suggesting a continuation of robust growth. The new orders index dipped three …more…

University of Michigan Consumer Confidence Preliminary July Results at 97.1

07/13/18 - Consumer sentiment slipped in early July but remained nearly equal to the average in the prior twelve months (97.7) and since the start of 2017 (97.4). The continuing strength has been due to favorable job and income prospects, with consumers under age 45 anticipating the largest income gains since July 2000. So far, the strength in jobs …more…

U.S. Import Price Index Decreased 0.4% in June

07/13/18 - U.S. import prices decreased 0.4 percent in June, the U.S. Bureau of Labor Statistics reported today, following a 0.9-percent advance in May. Lower prices for nonfuel and fuel imports contributed to the June decline. Prices for U.S. exports rose 0.3 percent in June, after rising 0.6 percent the previous …more…

Consumer Price Index increased 0.1% in June, Ex Fd & Engy rose 0.2%

07/12/18 - The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in June on a seasonally adjusted basis after rising 0.2 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.9 percent before …more…

Real Average Hourly Earnings increased 0.1% in June

07/12/18 - Real average hourly earnings for all employees increased 0.1 percent from May to June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.2-percent increase in average hourly earnings combined with a 0.1-percent increase in the Consumer Price Index for All Urban …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

September 29-October 2, 2018
Westin Copley Place, Boston, MA

The global economy has been experiencing its first taste of synchronized growth since the global financial crisis, and the Fed and other central banks have started to normalize monetary policy. Yet uncertainties abound, as the U.S. is injecting a sizable amount of fiscal stimulus with the economy close to full employment, and traditional alliances on trade are breaking down. Designed around the theme of

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