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Monday, January 23, 2017

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News & Advisories

Aruoba Term Structure of Inflation Expectations Updated

January 20, 2017 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the Aruoba Term Structure of Inflation Expectations (ATSIX), a smooth, continuous curve of inflation expectations three to 120 months ahead. The ATSIX is created by using a factor model that optimally combines several major surveys.

Philadelphia Fed’s Harker: New Jersey’s Economy Shows Significant Progress Despite Slow Recovery

January 20, 2017 — While New Jersey’s economy has made significant progress since the recession, the state faces “different issues than other states” that impact the recovery of its housing and labor markets, Federal Reserve Bank of Philadelphia President Patrick T. Harker said today in remarks at the New Jersey Bankers Association’s annual Economic Leadership Forum. Read the press release. Read the speech.

Philadelphia Fed Appoints New Members to Economic and Community Advisory Council

January 19, 2017 — The Federal Reserve Bank of Philadelphia has appointed three new members to its Economic and Community Advisory Council, a committee that informs the Bank’s senior leadership team about emerging issues and market conditions in the Third Federal Reserve District and nationwide. Read the press release.

Business Conditions Index Updated

January 19, 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 1/14/2017.

Manufacturing Activity Continued to Improve in January

January 19, 2017 — Manufacturing activity in the region continued to grow in January, according to firms responding to this month's Manufacturing Business Outlook Survey. The diffusion index of current activity increased from a revised reading of 19.7 in December to 23.6 this month. Read the report.

Beige Book Released Today

January 18, 2017 — Overall economic activity appeared to pick up to a modest pace of growth in the Third District with nonauto retail sales, nonfinancial services, and manufacturing providing the boost from the prior period of slight growth. Hiring also rose to a modest pace, and tightening labor markets sustained modest pressure on wages and prices. Read the National Summary .

Business Conditions Index Updated

January 18, 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 December 2016.

Philadelphia Fed Survey: Greater Philadelphia Chamber Members Optimistic About Business Conditions in 2017

January 18, 2017 — A Federal Reserve Bank of Philadelphia survey of the Chamber of Commerce for Greater Philadelphia members shows that business conditions improved in 2016 compared with 2015. Survey respondents expressed optimism that conditions will continue to improve in 2017. Read the press release.

Nonmanufacturing Data Revisions Released

January 17, 2017 — The Bank has released the annual revisions to the historical data that are generated by the Nonmanufacturing Business Outlook Survey, which asks nonmanufacturing executives in the Third District about business activity in their firms every month. In January of each year, the Bank revises the data after calculating new seasonal adjustment factors. See revised Historical Data.

Media Contacts

Daneil Mazone E-mail
Media Relations Lead
(215) 574-7163
(267) 535-1808 (cell)

Rachel Brown E-mail
Media Relations Representative
(215) 574-3840
(215) 435-5249 (cell)

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