From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for September 2016. In the past month, the indexes increased in 36 states, decreased in 11, and remained stable in three, for a one-month diffusion index of 50. Show More Summary
Philly Fed state coincident data came out today and more states across the country are starting to contract. Looking at the snapshot below, positively growing states still dominate the map (and don't give much of an alarming picture), but a different story emerges...
Succinct Summations for the week ending October 21st, 2016 Positives: 1. Existing home sales rose 3.2% m/o/m to an SAAR of 5.470M. 2. Housing permits rose to an SAAR of 1.225M, above the 1.165M expected. 3. Philly Fed manufacturing report rose to 9.7, above the 7 expected reading. Show More Summary
Tonight (Wednesday) from 9:00 PM to 10:30 PM ET: the Third Presidential Debate, at University of Nevada, Las Vegas, Las Vegas, NVFrom Politifact PolitiFact’s guide to the third presidential debateThursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. Show More Summary
The key economic reports this week are September housing starts, Existing Home Sales and Consumer Price Index (CPI).For manufacturing, September industrial production, and the October New York and Philly Fed manufacturing surveys, will be released this week.A key focus will be on the third Presidential debate on Wednesday, Oct 19th. Show More Summary
The end game of central bank lunacy is surely near. Even the Fed heads appear to be mumbling bits and pieces of truth in public. Former Philly Fed President Charles Plosser, for example, told Bloomberg TV this morning that central bankers...Show More Summary
Former Philly Fed President Charles Plosser got a lot off his chest this morning during a Bloomberg TV interview. Decrying that central bankers "wring their hands all the time," Plosser noted that The Fed was very "concerned about credibility,"...Show More Summary
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for August 2016. In the past month, the indexes increased in 39 states, decreased in nine, and remained stable in two, for a one-month diffusion index of 60. Show More Summary
Succinct Summations for the week ending September 16th 2016 Positives: 1. CPI rose 0.2% m/o/m and 1.1% y/o/y. Core rose 0.3% and 2.3% respectively. The 0.3% rise was the largest since February. 2. Philly Fed business outlook survey came in at 12.8, well above expectations. Show More Summary
The Philadelphia Fed's Manufacturing Business Outlook survey came in at 12.8 for September. The reading on the health of the manufacturing in and around Philadelphia demolished expectations, economists projected the reading to come in...Show More Summary
Fed up with catcalls, street harassment awareness group Hollaback Philly has raised $7,000 to write, draw, and print a comic book about how all those daily "hey, good lookin"s add up to a major problem. Catch a sneak peek of the project below the cut!
It’s NOT always sunny in Philadelphia. In fact, the Nightman Cometh. The post Nightman Cometh: Philly Fed Employment Index Drops To Lowest Level Since July 2009 was originally published at The Wall Street Examiner. Follow the money!
From the Philly Fed: August 2016 Manufacturing Business Outlook Survey Firms responding to the Manufacturing Business Outlook Survey suggest that growth was positive but tenuous this month. The diffusion index for current general activity...Show More Summary
(Reuters) - Business activity in the U.S. mid-Atlantic region improved in August, but local employment deteriorated to its worst level in seven years, a survey from the Philadelphia Federal Reserve released on Thursday showed. The Philadelphia Fed said its current business activity index rose to 2.0 in August from -2.9 in July. Show More Summary
Despite a modest bounce in Philly Fed headline data - thanks purely to a jump in 'hope' from 33.7 to 45.8 (the highest in 18 months) - the underlying components of the Philly fed survey are a disaster. New orders collapsed, employment...Show More Summary
Manufacturing activity in and near Philadelphia rebounded a bit in August, according to a survey conducted by the regional Federal Reserve. Its monthly index of current activity rose to 2.0 from -2.9 in July, in line with economists' consensus forecast. The Philly Fed index has turned positive only three times this year. Show More Summary
The key economic reports this week are July housing starts and the July Consumer Price Index (CPI).For manufacturing, July industrial production, and the August New York and Philly Fed manufacturing surveys, will be released this week. Show More Summary
Dozens of wiseguys, including Philly crime boss Joseph "Joey" Merlino, were busted by the feds Thursday morning in a massive takedown.
From the Philly Fed: July 2016 Manufacturing Business Outlook Survey Manufacturing activity in the region fell slightly in July, according to firms responding to this month’s Manufacturing Business Outlook Survey. Although the indicator for current general activity turned negative, indicators for new orders and shipments were positive. Show More Summary
The Federal Reserve Bank of Philadelphia said that manufacturing sentiment in July contracted for the third time in the past four months (or the ninth time in the past 11...