Tag Archives: FED

The Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey rose sharply to 38.6 in March from 3.9 in February. Further details of the publication revealed that the Firm-level Business Activity Index improved to 33.5 from 7.5 and the Full-time Employment Index edged higher …

The Federal Reserve Bank of Philadelphia reported on Thursday that the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey improved sharply to 51.8 in March from 23.1. This reading beat the market expectation of 23.1 by a wide margin.

The Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey improved to -17.5 in January from -26.6 in December.

The President of the Federal Reserve Bank of Chicago, Charles Evans, on Monday, said that the Fed remains in need of maintaining its accommodative policy for the near future, Reuters reported. “To meet our objectives and manage risks, the Fed’s policy stance will have to be accommodative for quite a …

The Firm-level Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey improved slightly to 5.6 in December from 5.3 in November. On a negative note, the Regional Business Activity Index slumped to -26.8 from -15.9.

The upcoming Federal Reserve meeting is expected to link the future of the bond-buying program to the measures of employment and inflation, but without any immediate action, a recent survey by Bloomberg showed. The majority of the surveyed analysts expect the new guidance to be approved next Wednesday, while most …

The headline Diffusion Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey fell sharply to 5.3 in November, the lowest reading since June, from 25.3 in October, the monthly data showed on Tuesday.

The headline Diffusion Index of the Federal Reserve Bank of Philadelphia’s Manufacturing Business Outlook Survey rose to 32.3 in October from 15. This reading beat analysts’ estimate of 14 by a wide margin.

Fed Vice Chairman Richard Clarida said on Wednesday that the US economy needs another year or maybe more to return to the levels of activity it was at before the outbreak of the pandemic. Clarida noted that policy moves by the Federal Reserve and Congress have helped spur activity such …

The United States Congress and the Federal Reserve need to work in order to help the American economy recover from the impacts of the COVID-19 crisis, said the Federal Reserve Chair Jerome Powell on Wednesday. Powell noted in his testimony in front of the House Select Subcommittee on the Coronavirus …