Philadelphia Council for Business Economics ("PCBE") primary objectives are:

To provide a convenient means for meeting fellow business professionals in the Greater Philadelphia area.

To have programs and speakers on topics of special interest to business professionals.

To offer a vehicle to universities, community organizations, and other professional groups to contact local business professionals on programs and activities of mutual interest.

Our Upcoming Events 09/15/10 "U.S. Macro Perspectives" Joe Kalish, Senior Macro Strategist Ned Davis Research Group 10/06/10 "Economic Outlook" John Silvia, Chief Economist Wells Fargo Securities 11/10/10 "Labor Market Outlook" Dr. Keith Hall, Commissioner Bureau of Labor Statistics (BLS) 12/15/10 Annual Evening Holiday Reception

Recent PCBE Meeting Speaker Notes 06/02/10 "Comparison of Labor Markets in the Great Recession." Eileen Appelbaum, Rutgers University School of Management and Labor Relations 05/03/10 "The Dollar: FX Strategy for Today and Tomorrow" Marc Chandler Global Head of Currency Strategy Brown Brothers Harriman 04/07/10 "Current State of Municipal Credit Risk" Mitchell Savader Savader Asset Advisors 03/03/10 Financial Interdependence in the World's Post-Crisis Capital Markets 02/03/10 "2010 U.S. Spending Outlook" Ellen Beeson Zentner, Senior Economist Bank of Tokyo-Mitsubishi UFJ, Ltd.

Today's Economic Events 08:30AM 2Q2010 Gross Domestic Product (GDP) Advance : 2.7% Prior Period 08:30AM 2Q2010 Employment Cost Index (ECI) : 0.6% Prior Period 08:30AM Jul New York Purchasing Managers Index 10:00AM Jul Chicago Purchasing Managers Index 10:00AM Jul Univ. of Michigan Consumer Sentiment Index

Latest Economic News 07/28/10 New Orders for Durable Goods Decreased 1.0%, ex-trans Down 0.6% 07/28/10 Mortgage Applications Decrease in Latest MBA Weekly Survey 07/27/10 Chicago Fed Midwest Manufacturing Index decreased 0.5% 07/27/10 Consumer Confidence retreated further in July 07/27/10 Richmond Fed's latest survey activity drops to 16 07/27/10 S&P/Case-Shiller Home Price Indices Show Prices Moved Sideways

Federal Reserve Board Speeches 07/21/10 Testimony by Chairman Bernanke on the Semiannual Monetary Policy Report to the Congress 07/20/10 Testimony by Governor Tarullo on international cooperation and financial regulatory modernization 07/19/10 Testimony by Louise L. Roseman, Director, Division of Reserve Bank Operations and Payment Systems, on the state of U.S. coins and currency 07/15/10 Remarks by Governor Duke on the Home Mortgage Disclosure Act hearing 07/12/10 Speech by Governor Duke on next steps for small business credit 07/12/10 Speech by Chairman Bernanke on restoring the flow of credit to small businesses 06/30/10 Speech by Governor Duke on fostering a healthy credit environment 06/28/10 Speech by Governor Warsh on financial market and economic developments 06/16/10 Speech by Chairman Bernanke on The Squam Lake Report 06/09/10 Speech by Chairman Bernanke on fostering workforce development

Federal Reserve Board Press Releases 07/30/10 Annual adjustment of fee-based trigger for additional mortgage loan disclosures 07/30/10 Written agreement with Premier Financial Bancorp, Abigail Adams National Bancorp, and Consolidated Bank and Trust Company 07/29/10 Federal Reserve announces agenda for August 5 public hearing on Home Mortgage Disclosure Act 07/29/10 Written agreement with North State Bancshares 07/29/10 Written agreement with Community Valley Bancorp 07/29/10 Written agreement with Macatawa Bank Corporation 07/28/10 Agencies issue final rules to implement requirements for registration of mortgage loan originators 07/28/10 Written agreement with BOV Holding Company and Bank of Versailles 07/28/10 Written agreement with Farmers State Bank 07/28/10 Written agreement with Metro North Bancshares