June 13, 2019 — Philadelphia Fed President Patrick T. Harker delivered the commencement address to graduates of the ABA Stonier Graduate School of Banking. The speech focused on the importance of character and integrity for leaders of financial institutions. Read the speech.
June 7, 2019 — Unemployment rates for May are expected to decrease in all three states, according to the Federal Reserve Bank of Philadelphia’s nowcasts. Read the report.
June 7, 2019 — The Philadelphia Fed has released the Livingston Survey for June 2019. The survey summarizes the forecasts of economists from industry, government, banking, and academia. Read the survey.
June 7, 2019 — The Philadelphia Fed has updated its monthly Tri-State Tracking series that provides statewide summaries of economic conditions using monthly and quarterly data of employment, housing, and personal income. The latest update includes monthly data for employment, building permits, and mortgage delinquencies through April 2019; quarterly data for house prices through the first quarter of 2019; and personal income through the fourth quarter of 2018. Read the reports for Delaware , New Jersey , and Pennsylvania .
June 5, 2019 — On balance, business activity in the Third District accelerated further to a modest pace of growth during the current Beige Book period following slight growth in the prior period. Trade uncertainty has delayed business investment, and tight labor markets have constrained expansion and spurred wage hikes. Still, inflation remained modest, and the firms remained positive about the six-month outlook. Read the national summary. Read the Philadelphia summary.