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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.

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Economic Events this Week
1/22Mon08:30AM : Dec Chicago Fed National Activity Index (CFNAI)
1/23Tue07:45AM : Weekly TRE-GS Store Sales Index
1/23Tue08:30AM : Jan Philadelphia Fed Non-Mfg Business Outlook Survey
1/23Tue09:00AM : Weekly Redbook Retail Sales Index
1/23Tue10:00AM : Dec Regional and State Employment and Unemployment
1/23Tue10:00AM : Jan Richmond Fed Manufacturing Survey
1/24Wed07:00AM : Weekly MBA Mortgage Applications Survey
1/24Wed10:00AM : 2Q2017 Business Employment Dynamics
1/24Wed10:00AM : Dec Exisiting Home Sales
1/24Wed10:30AM : Weekly U.S. Petroleum Status Report
1/25Thu08:30AM : Weekly Initial Jobless Claims
1/25Thu10:00AM : Dec New Home Sales
1/25Thu10:00AM : Dec Conference Board U.S. Leading Economic Indicators
1/25Thu11:00AM : Jan Kansas City Fed Manufacturing Survey
1/26Fri08:30AM : 4Q2017 Gross Domestic Product (GDP) Advance
1/26Fri08:30AM : Dec Durable Goods Orders
Latest Economic Results Provided by OneWall.com
Richmond Fed's Current Activity Index moved down from 20 to 14

01/23/18 - According to the latest survey by the Federal Reserve Bank of Richmond, Fifth District manufacturing firms saw slower growth in January, even as each of the expansion metrics remained positive. The composite index moved down from 20 to 14. This decrease resulted from a decline in the metrics for both shipments and employment. The third …more…

Philadelphia NonManufacturing Activity Suggest a Pickup in Growth in January

01/23/18 - Respondents to the January Nonmanufacturing Business Outlook Survey reported that business activity continued to expand in the region. The firm-level general activity index rose for the second consecutive month, and the indicator for new orders also improved. The sales/revenues index decreased but remained positive. However, the …more…

Chicago Fed National Activity Points to a Pickup in Economic Growth in December

01/22/18 - The CFNAI Diffusion Index, which is also a three-month moving average, edged down to +0.23 in December from +0.26 in November. Forty-three of the 85 individual indicators made positive contributions to the CFNAI in December, while 42 made negative contributions. Thirty-seven indicators improved from November to December, while 47 …more…

University of Michigan Consumer Confidence Preliminary January Results at 94.4

01/19/18 - While the preliminary January reading for the Sentiment Index was largely unchanged from last month (-1.5%), consumers evaluated current economic conditions less favorably (-4.6%). This small decrease in current conditions produced a small overall decline. Importantly, the survey recorded persistent strength in personal finances and buying …more…

December Housing Starts down 8.2%, Permits down 0.1%

01/18/18 - Building Permits
Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,302,000. This is 0.1 percent (±1.4 percent)* below the revised November rate of 1,303,000, but is 2.8 percent (±1.9 percent) above the December 2016 rate of 1,266,000. Single-family authorizations in …more…

Weekly Initial Unemployment Claims Decrease 41,000 to 220,000

01/18/18 - In the week ending January 13, the advance figure for seasonally adjusted initial claims was 220,000, a decrease of 41,000 from the previous week's unrevised level of 261,000. This is the lowest level for initial claims since February 24, 1973 when it was 218,000. The 4-week moving average was 244,500, a decrease of 6,250 from the previous …more…

Philadelphia Fed Outlook Reported Activity Shows Continued Growth in January

01/18/18 - Economic growth continued in January, according to the firms responding to this month’s Manufacturing Business Outlook Survey. The broadest measures of current conditions remained positive this month, although indexes for general activity, new orders, and employment declined from their readings in December. The firms reported higher prices …more…

Treasury International Capital Data for November 2017

01/17/18 - The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for November 2017. The sum total in November of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $33.8 billion. Of this, net foreign private inflows were $49.7 billion, …more…

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

01/17/18 - Reports from the 12 Federal Reserve Districts indicated that the economy continued to expand from late November through the end of the year, with 11 Districts reporting modest to moderate gains and Dallas recording a robust increase. The outlook for 2018 remains optimistic for a majority of contacts across the country. Most Districts reported …more…

Builder Confidence dropped 5 points to 72 in January

01/17/18 - Builder confidence in the market for newly-built single-family homes dropped two points to a level of 72 in January on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) after reaching an 18-year high in December 2017.

“Builders are confident that changes to the tax code will promote the small business sector and boost broader economic growth,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “Our members are excited about the year ahead, even as they continue to …more…











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