The Economy
We produce and compile research and data on the overall economy, banking and financial markets. Our goal is to help financial institutions operate in a safe manner and support a robust U.S. financial system.
Article
Harvesting Historical Data with LLMs
Economic Insights — Researchers at the Philadelphia Fed are using large language models to do what was once too expensive and time-consuming to do at scale: collect and analyze data from historical records.
Research
Our Research Department's high-quality academic and original research supports the Federal Open Market Committee (FOMC) and the Bank's leadership as they address economic, finance, and public policy issues.
Aruoba-Diebold-Scotti Business Conditions Index
16 Dec ’25
An index designed to track real business conditions at high observation frequency
Article
Fintech Conference Explores Innovations, Regulation, and the Future of Finance
The Philadelphia Fed’s Ninth Annual Fintech Conference took place on November 12 and 13. This conference series helps lead the conversation on what financial innovations mean for the future.
COVID-19
COVID-19 and the Philadelphia Fed
Get the Philadelphia Fed’s latest information, resources, and research on the coronavirus pandemic's impact on businesses, households, and communities.
Article
Decay, Abandonment, and . . . Profits? An Unlikely Combination in Real Estate Markets
17 Nov ’25
Research in Focus — Can property insurance be too generous? Four economists look at the consequences of a program that promised outsized benefits.
Event
Jan
2
2026
Day-Ahead Conference on Financial Markets and Institutions
Federal Reserve Bank of Philadelphia
Working Paper
Who Remains Unbanked in the United States and Why?
WP 25-02/R – This paper conducts a detailed exploration of the factors associated with unbanked status among U.S. households and how these relationships evolved between 2015 and 2019.
Data
Fujita, Moscarini, and Postel-Vinay Employer-to-Employer Transition Probability
26 Nov ’25
Fujita, Moscarini, and Postel-Vinay Employer-to-Employer Transition Probability tracks the rate at which U.S. workers transition from one employer to another in a given month.
Research
Research Assistant Opportunities for College Graduates
Working as a research assistant at the Philadelphia Fed is a rewarding experience, whichever career path you ultimately choose to pursue.