The key economic reports this week are Housing Starts, and the Consumer Price Index (CPI).For manufacturing, December industrial production, and the January New York, and Philly Fed manufacturing surveys, will be released this week.Speeches by Fed Chair Janet Yellen are scheduled on Wednesday and Thursday. Show More Summary
As you know, I took on a project to fund a trip for the sixth grade class of Juniata Park Academy of Philadelphia so that they can visit the Philadelphia Mint and Federal Reserve Bank of Philadelphia to learn more about their money and how it plays into their everyday lives. I received a note […]
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for November 2016. In the past month, the indexes increased in 43 states, decreased in three, and remained stable in four, for a one-month diffusion index of 80. Show More Summary
The Federal Reserve Bank of Philadelphia said that manufacturing activity expanded at its fastest pace in 25 months, expressing post-election optimism in its latest survey. The composite index of general...
From the NY Fed: Empire State Manufacturing SurveyBusiness activity grew modestly in New York State, according to firms responding to the December 2016 Empire State Manufacturing Survey. The headline general business conditions index climbed eight points to 9.0. Show More Summary
There is seemingly no stopping the runaway train that is the economic momentum of the past month, as confirmed by the just released Philly and Empire Fed surveys, which printed at 21.5 and 9.0, smashing expectations of 9.1 and 4 respectively, in fact printing above the highest estimate for both reports, and well above the recent print of 7.6 and 1.5. Show More Summary
The Philadelphia Fed's Manufacturing Business Outlook survey came in at 21.5 for December, making for the best print since November 2014. The reading on the health of the manufacturing in and around Philadelphia crushed expectations....Show More Summary
The key economic reports this week are October Retail Sales, Housing Starts, and the Consumer Price Index (CPI).For manufacturing, October industrial production, and the November New York, and Philly Fed manufacturing surveys, will be released this week.The FOMC meets on Tuesday and Wednesday, and the FOMC is expected to raise rates at this meeting. Show More Summary
HOW THE FORCES WHO WATCH THE 'ACTIVE AMERICANIZED NEGROS' REALIZE THAT THEY ARE NOT BEING CONDITIONED TO GOVERN THEIR OWN LANDS, AND INSTEAD SHOULD BE FED A DIET OF 'BREAD AND CIRCUSES' North Philly Man Shot In North Philly Robbery Attempt...Show More Summary
Manufacturing activity in and near Philadelphia fell more than expected in November, according to a survey conducted by the regional Federal Reserve. Its monthly index of current activity came in at 7.6, compared to the prior's month's...Show More Summary
The Federal Reserve Bank of Philadelphia said that manufacturing activity expanded for the fifth time in the past six months. The composite index of general business activity declined from 9.7...
The key economic reports this week are October Retail Sales, Housing Starts, and the Consumer Price Index (CPI).For manufacturing, October industrial production, and the November New York, Philly and Kansas City Fed manufacturing surveys, will be released this week.Fed Chair Janet Yellen will testify to Congress on Thursday on the economic outlook. Show More Summary
The Philly Fed Leading Economic Index for all 50 US states has weakened considerably from its 2014 highs and is getting closer and closer to reaching our first warning threshold of a possible peak in the US economy. “We’re getting more and more of these indicators...
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