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
9/23Mon08:30AM : Aug Chicago Fed National Activity Index (CFNAI)
9/24Tue07:45AM : Weekly TRE-GS Store Sales Index
9/24Tue08:30AM : Sep Philadelphia Fed Non-Mfg Business Outlook Survey
9/24Tue09:00AM : Jul S&P/Case-Shiller Home Price Index
9/24Tue09:00AM : Weekly Redbook Retail Sales Index
9/24Tue10:00AM : Sep Conference Board Consumer Confidence Index
9/24Tue10:00AM : Sep Richmond Fed Manufacturing Survey
9/25Wed07:00AM : Weekly MBA Mortgage Applications Survey
9/25Wed10:00AM : Aug New Home Sales
9/25Wed10:30AM : Weekly U.S. Petroleum Status Report
9/26Thu08:30AM : 2Q2019 Gross Domestic Product (GDP) Final
9/26Thu08:30AM : Weekly Initial Jobless Claims
9/26Thu10:00AM : Aug Pending Home Sales Index
9/26Thu11:00AM : Sep Kansas City Fed Manufacturing Survey
9/27Fri08:30AM : Aug Personal Income
9/27Fri08:30AM : Aug Personal Spending
9/27Fri08:30AM : Aug Durable Goods Orders
9/27Fri10:00AM : Sep Univ. of Michigan Consumer Sentiment Index
Latest Economic Results Provided by OneWall.com
U.S. Leading Economic Index was unchanged in August

09/19/19 - The Conference Board Leading Economic Index® (LEI)for theU.S. was unchanged in August, remaining at 112.1 (2016 = 100), following a 0.4 percent increase in July, and no change in June.

“The US LEI remained unchanged in August, following a large increase in July. Housing permits and the Leading Credit Index offset the weakness in the index from the manufacturing sector and the interest rate spread,” said Ataman Ozyildirim, Senior Director of Economic …more…

Existing-Home Sales rose 1.3% in August

09/19/19 - Existing-home sales inched up in August, marking two consecutive months of growth, according to the National Association of Realtors®. Three of the four major regions reported a rise in sales, while the West recorded a decline last month.

Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.3% from July to a seasonally adjusted annual rate of 5.49 million in August. Overall sales are up 2.6% from a year ago (5.35 million in August …more…

Philadelphia Fed Outlook Reported Activity continued to expand in September

09/19/19 - Manufacturing activity in the region continued to expand this month, according to results from the September Manufacturing Business Outlook Survey. The survey's broad indicators remained positive, although their movements were mixed: The indexes for general activity and new orders fell, while the indexes for shipments and employment increased. …more…

2Q2019 Current Account Deficit Decreased

09/19/19 - The U.S. current account deficit narrowed by $8.0 billion, or 5.9 percent, to $128.2 billion in the second quarter of 2019, according to statistics from the Bureau of Economic Analysis. The revised first quarter deficit was $136.2 billion. The second quarter deficit was 2.4 percent of current dollar gross domestic product, down from 2.6 percent …more…

Weekly Initial Unemployment Claims Increase 2,000 to 208,000

09/19/19 - In the week ending September 14, the advance figure for seasonally adjusted initial claims was 208,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 204,000 to 206,000. The 4-week moving average was 212,250, a decrease of 750 from the previous week's revised average. …more…

FOMC target funds rate lowered to 1.75% - 2.00%

09/18/19 - Information received since the Federal Open Market Committee met in July indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a strong …more…

August Housing Starts increased 12.3%, Permits up 7.7%

09/18/19 - Building Permits
Privately‐owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,419,000. This is 7.7 percent (±1.2 percent) above the revised July rate of 1,317,000 and is 12.0 percent (±1.6 percent) above the August 2018 rate of 1,267,000. Single‐family authorizations in August were at a …more…

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

09/18/19 - Mortgage applications decreased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 13, 2019. Last week's results included an adjustment for the Labor …more…

Treasury International Capital Data for July 2019

09/17/19 - The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for July 2019. The sum total in July of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $43.8 billion. Of this, net foreign private inflows were $59.8 billion, and net …more…

NAHB Builder Confidence rose one point to 68 in September

09/17/19 - Builder confidence in the market for newly-built single-family homes rose one point to 68 in September from an upwardly revised August reading of 67, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels have held in the mid- to upper 60s since May and September’s reading matches the highest …more…












Monthly Meetings held at the
Philadelphia Federal Reserve
10 N Independence Mall W
Philadelphia, PA 19106
(Seventh & Arch St Entrance)
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61st NABE Annual Meeting

“Trucks and Terabytes: Integrating the 'Old' and 'New' Economies”
October 5-8, 2019
Embassy Suites by Hilton Denver Downtown
Denver, Colorado

Arranged around the theme of “Trucks & Terabytes: Integrating the 'Old' and 'New' Economies,” the conference will explore how technology and innovation are transforming businesses and creating new marketplaces while long-standing diplomatic and commercial alliances are being tested by global political shifts. The implications for productivity, the future of work, supply chains, and trade flows all will be addressed.



Global Interdependence Center
Philadelphia, PA

CFA Society of Philadelphia

Bond Club of Philadelphia



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