European stocks rose again with S&P futures higher, while Asian stocks were mixed. The dollar rose jumped on hawkish comments by Philly Fed's Harker, oil rose following optimistic OPEC comments, while gold dropped. Markets have largely...Show More Summary
Succinct Summations for the week ending February 17, 2017 Positives 1. U.S. stocks closed at record highs, the S&P 500 advanced for the fourth straight week. 2. The Philly Fed Business Outlook Survey came in at 48.3, the strongest reading since 1984! 3. Show More Summary
Once again all eyes were on "soft" data (Philly Fed) as "hard" data (housing starts miss) disappointed and the forced buy-in pressure lifted... 7 days up in a row for the S&P 500 (longest streak since March 2013) was the limit it seems...Show More Summary
The Philly Fed's Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district...
The Federal Reserve Bank of Philadelphia said that manufacturing activity expanded in February at its strongest rate since November 1983. The composite index of general business activity rose from 23.6...
Earlier from the Philly Fed: Manufacturing Conditions Continued to Improve in FebruaryResults from the February Manufacturing Business Outlook Survey suggest that growth in regional manufacturing is broadening. The diffusion indexesShow More Summary
Against expectations of a 18.0 print, February's Philly Fed exploded higher to 43.3 - the highest since January 1984. This is a 10-standard-deviation beat, led by a surge in new orders and the workweek, despite a decline in 'hope' and the number of employees. Everything is Awesome America... Show More Summary
From Matthew Graham at Mortgage News Daily: Mortgage Rates Approach 3-Week HighsMortgage rates rose for the 5th day in a row following a higher reading in this morning's inflation data and an upbeat Retail Sales report.... Today's increase brings mortgage rates close to their highest level in 3 weeks. Show More Summary
The latest release of the Philly Fed's manufacturing outlook is expected to cross the wire at 8:30 a.m. ET. Economists expect the measure of mid-Atlantic manufacturing to hit 18.0 for the month, a slight fall from the 23.6 reading in...Show More Summary
The key economic reports this week are Retail Sales, Housing Starts, and the Consumer Price Index (CPI).For manufacturing, January industrial production, and the February New York, and Philly Fed manufacturing surveys, will be released this week.Fed Chair Janet Yellen is scheduled to deliver the Semiannual Monetary Policy Report to the Congress. Show More Summary
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for December 2016. In the past month, the indexes increased in 41 states, decreased in two, and remained stable in seven, for a one-month diffusion index of 78. Show More Summary
Earlier from the Philly Fed: Manufacturing Activity Continued to Improve in JanuaryEconomic conditions continued to improve in January, according to the firms responding to this month’s Manufacturing Business Outlook Survey. The indexes...Show More Summary
The Federal Reserve Bank of Philadelphia said that manufacturing activity expanded at its fastest pace in 26 months, continuing to accelerate as we begin 2017. The composite index of general...
Philly Fed continued to surge higher post-election with almost all subcomponents rising (apart from a decline in the average workweek). However, while the headline index is at two-year highs, Prices Paid soared to the highest since Feb...Show More Summary
The Philadelphia Federal Reserve's manufacturing outlook is expected to come out at 8:30 a.m ET. Economists expect the measure of mid-Atlantic manufacturing activity to slide slightly in January to 15.8, down from last months reading of 21.5. We'll have the number as it crosses, so refresh the page for updates. Show More Summary
Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 255 thousand initial claims, up from 247 thousand the previous week.• Also at 8:30 AM, Housing Starts for December. The consensus...Show More Summary
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...