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Tuesday, February 21, 2017

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News & Advisories

Philadelphia Fed’s Harker: Alternative Paths to Education Could Ease Student Debt

February 21, 2017 — A closer look at student loan research shows that multifaceted solutions are needed to address the growing student debt issue, Federal Reserve Bank of Philadelphia President Patrick T. Harker said today in remarks at the Wharton School of the University of Pennsylvania. Read the press release. Read the speech.

Nonmanufacturing Activity Continued to Expand in February

February 21, 2017 — Business activity in the region continued to expand in February, according to the firms responding to this month’s Nonmanufacturing Business Outlook Survey. The diffusion index for general activity at the firm level rose from a reading of 33.3 in January to 38.0 in February. Firms remained optimistic about future activity over the next six months. Read the report.

Bank Appoints Comcast Senior VP to Economic and Community Advisory Council

February 16, 2017 — The Federal Reserve Bank of Philadelphia has appointed Devesh Raj, senior vice president of strategic and financial planning for Comcast Corporation, to its Economic and Community Advisory Council. Read the press release.

Business Conditions Index Updated

February 16, 2017 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 2/11/2017.

Manufacturing Conditions Continued to Improve in February

February 16, 2017 — Manufacturing activity in the region continued to improve in February, according to firms responding to this month's Manufacturing Business Outlook Survey. The diffusion index of current activity increased from a reading of 23.6 in January to 43.3 this month. Read the report.

President Harker: Broad Policies Are Needed to Boost Economic Growth

February 15, 2017 — Inflation and labor market indicators suggest that the economy is “in pretty good shape,” but fiscal and other policies are necessary to move the needle on economic growth, Federal Reserve Bank of Philadelphia President Patrick T. Harker said today at the La Salle University 16th Annual Economic Outlook. Read the press release. Read the speech.

Business Conditions Index Updated

February 15, 2017 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on industrial production for January 2017.

Forecasters See Brighter Outlook for Growth and Labor Markets

February 10, 2017 — The U.S. economy looks stronger now than it did three months ago, according to 42 forecasters responding to the First Quarter Survey of Professional Forecasters. The panel expects real GDP to grow 2.3 percent this year and 2.4 percent next year. Read the report.

Business Conditions Index Updated

February 9, 2017 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 2/4/2017.

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