Onehawk down, and just as rates are supposedly set to begin rising. Smart. Full press release: Philadelphia Fed President Plosser to Retire on March 1, 2015 Charles I. Plosser, president and chief executive officer of the Federal Reserve Bank of Philadelphia, today announced that he will retire, effective March 1, 2015. Show More Summary
Earlier from the Philly Fed: September Manufacturing Survey The diffusion index for current activity fell from a reading of 28.0, its highest reading since March 2011, to 22.5 this month. The current new orders [to 15.5] and shipments indexes edged higher this month, however, increasing 1 point and 5 points, respectively.... Show More Summary
The Federal Reserve Bank of Philadelphia said that manufacturing activity eased slightly, but growth remained strong in its district. TheRead the Rest...
After hitting a four-year high in August, the September reading for the Philly Fed Manufacturing survey declined from 28.00 down to 22.5, which was slightly below the consensus forecast of 23.0. In spite of the decline, manufacturing...Show More Summary
The Philadelphia Federal Reserve is set to release its latest business outlook report at 10:00 am ET. Expectations are for the report's general activity index to fall to 23.0 from 28.0 August. August's report soundly beat expectations,...Show More Summary
The key economic report this week is August housing starts on Thursday.For manufacturing, the August Industrial Production and Capacity Utilization report, and the September NY Fed (Empire State) and Philly Fed manufacturing surveys, will be released this week. Show More Summary
Remember all those allegations that Obamacare would be an unmitigated disaster for businesses, especially smaller companies? Well, now we have some facts. A week ago we noted that the Philly Fed found that Obamacare was a disaster for...Show More Summary
With Philly Fed surging to record highs (along with stocks) but Services PMI dropping "as the recovery fades," it was left to Dallas Fed to split the buy good news or buy bad news dilemma this morning. It was bad news - from 2012 highs, Dallas Fed plunged to 7.1 (against 12.7 expectations) for the biggest miss in 16 months. Show More Summary
`` in case you were wondering how it is possible that Philly Fed surged given such shitty internals [7 out of 9 sub-indices dropped], the 6-month forecast index ("hope") just surged to 22-year highs.''
The Philly Fed's Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. The latest gauge of General Activity came in at 28.0, an increase from last month's 23.9.
A special question on the impact of Obamacare on businesses in the August Philly Fed Manufacturing Survey shows the stunning failure of Obamacare.Here are the results in table form. I added the net results in red. click on chart for sharper image Net Percentage of Manufacturing Firms That... Show More Summary
Earlier from the Philly Fed: August Manufacturing Survey The diffusion index of current general activity increased from a reading of 23.9 in July to 28.0 this month. The index has increased for three consecutive months and is at itsShow More Summary
Remember all those allegations that Obamacare would be an unmitigated disaster for businesses, especially smaller companies? Well, now we have proof. As the Philly Fed, which mysteriously soared at the headline level even as the vast...Show More Summary
The Federal Reserve Bank of Philadelphia reported healthy gains in manufacturing activity in August, with the fastest pace since MarchRead the Rest...
So much for extrapolating record profit margins holding up the equity "market"... Chart: Bloomberg
Philly Fed has beaten expectations for 6 months in a row with its biggest surge since the 2009 lows. Against expectations of 19.3, Philly Fed printed 28.0 - highest since March 2011 all-time highs. All sounds awesome right? Umm, no,Show More Summary
Today's release of the Philly Fed report for the month of August not only came in stronger than expected, but the General Business Conditions index hit its highest level since March 2011. While economists were forecasting a level ofShow More Summary
The latest manufacturing report fom the Philadelphia Federal Reserve is expected at the top of the hour. Expectations are for a reading of 19.7, lower than 23.9 reported last month. Last month's report far outpaced expectations for a reading of 16.0. We'll be back with the live numbers when they hit. Join the conversation about this story »
From Andrew Ross at the San Francisco Chronicle: Household income hasn't shared in recoveryAs of June, median annual household income was 4.8 percent below December 2007, when the recession began, dropping from $56,000 to $54,000. Going...Show More Summary
One particularly useful font of information for state-level economic activity in the U.S. is the Federal Reserve Bank of Philadelphia, also known as the “Philly Fed”.