Philadelphia Fed

Latest articles

23h
Zero Hedge
Fed Believes Opioid Crisis Is Reason Why Men Aren't Workingregional economic conditions. Businesses have also raised the issue as a barrie
Zero Hedge / Posted 23 hours ago
regional economic conditions. Businesses have also raised the issue as a barrier to finding workers in conversations with Philadelphia Fed President Patrick Harker. According to Bloomberg, the Federal Reserve has stumbled on an explanation for... Read more
2d
Business Insider Australia
6 things Australian traders will be talking about this morningby another 0.5% overnight with a stronger euro and more political turmoil. US j
Business Insider Australia / Posted 2 days ago
by another 0.5% overnight with a stronger euro and more political turmoil. US jobless claims fell to a 9-week low but the Philadelphia Fed manufacturing index missed expectations, recording its lowest reading since November last year. 3. Bonds &... Read more
2d
Newsmax
Jobless Claims Fall to Near 5-month Low in Signs of Strong Marketin manufacturing activity in the mid-Atlantic region in July amid a tepid incre
Newsmax / Posted 2 days ago
in manufacturing activity in the mid-Atlantic region in July amid a tepid increase in orders received by factories. The Philadelphia Fed said its current business conditions index fell to a reading of 19.5 this month, the lowest since November,... Read more
4 related articles
2d
Reuters
U.S. weekly jobless claims fall to near five-month lowin manufacturing activity in the mid-Atlantic region in July amid a tepid incre
Reuters / Posted 2 days ago
in manufacturing activity in the mid-Atlantic region in July amid a tepid increase in orders received by factories. The Philadelphia Fed said its current business conditions index fell to a reading of 19.5 this month, the lowest since November,... Read more
4 related articles
2d
Newsmax
Here's Why Yellen's Fed Cares About America's Opioid Epidemicregional economic conditions. Businesses have also raised the issue as a barrie
Newsmax / Posted 2 days ago
regional economic conditions. Businesses have also raised the issue as a barrier to finding workers in conversations with Philadelphia Fed President Patrick Harker. At the Cleveland Fed’s summit, talk about the crisis wasn’t reserved for the... Read more
2d
Zero Hedge
"No-Vol Nirvana": World Stocks Hit Record High For 10th Consecutive Daypress conference around lunchtime will be the key focus. In the US, initial job
Zero Hedge / Posted 2 days ago
press conference around lunchtime will be the key focus. In the US, initial jobless claims numbers (est: 245K) and the Philadelphia Fed Business survey will be out. US earnings seasons remains a focus, with Microsoft, eBay, Visa, American... Read more
27 related articles
2d
Market Watch
Wall Street stocks poised to hold onto record run; ECB meeting in the spotlightlooking to results to keep driving gains. U.S. economic data on tap for Thursd
Market Watch / Posted 2 days ago
looking to results to keep driving gains. U.S. economic data on tap for Thursday includes weekly jobless claims and the Philadelphia Fed index for July, both due at 8:30 a.m. Eastern Time. Leading economic indicators for June are expected at 10... Read more
2d
CNBC
Blackstone, eBay, Microsoft, Visa earnings in the limelight on Wall Street; ECB in focusprepared to digest another batch of corporate earnings reports. Sticking with
CNBC / Posted 2 days ago
prepared to digest another batch of corporate earnings reports. Sticking with financial news, jobless claims and the Philadelphia Fed Manufacturing Business Outlook Survey are both due out at 8.30 a.m. ET, while Leading Indicators index is... Read more
2d
CNBC
US Treasurys mixed as bond investors look to ECB decision, dataforecasts for the next two fiscal years. In data news, investors will be on th
CNBC / Posted 2 days ago
forecasts for the next two fiscal years. In data news, investors will be on the lookout for jobless claims and the Philadelphia Fed Manufacturing Business Outlook Survey, both of which are due out at 8.30 a.m. ET. Meanwhile, the Leading... Read more
3d
CNBC
The dollar might be in play as the ECB could send the euro highermarket. They're going to to do their best to treat the markets with kid gloves.
CNBC / Posted 3 days ago
market. They're going to to do their best to treat the markets with kid gloves." Additionally, there are some U.S. data expected Thursday, including weekly jobless claims and Philadelphia Fed survey at 8:30 a.m. ET, and leading indicators at 10... Read more
37 related articles
3d
CNBC
Stocks just got set up for an extended summertime rallyto move rates but could discuss its plan to taper back on asset purchases, or i
CNBC / Posted 3 days ago
to move rates but could discuss its plan to taper back on asset purchases, or its quantitative easing program, later in the year. There are also jobless claims and the Philadelphia Fed manufacturing survey at 8:30 a.m. The leading index is at 10... Read more
3d
Business Insider Australia
The Australian dollar is grinding its way towards 80 centsaround the ECB decision, there’ll also be a plethora of economic data released
Business Insider Australia / Posted 3 days ago
around the ECB decision, there’ll also be a plethora of economic data released both in Europe and the US. The highlights include UK retail sales along with the Philadelphia Fed manufacturing survey and weekly jobless claims data... Read more
3 related articles
5d
Zero Hedge
Key Events In The Coming Week: The Summer Doldrums ArriveTaken together, we expect a 2.5% rebound in overall housing starts, reversing s
Zero Hedge / Posted 5 days ago
Taken together, we expect a 2.5% rebound in overall housing starts, reversing some of the 5.5% drop in May. 08:30 AM Philadelphia Fed manufacturing index, July (GS +25.0, consensus +24.3, last +27.6): We estimate the Philadelphia Fed... Read more
5d
Market Watch
Empire State manufacturing index retreats in July from two-year highhelp the New York region much, however. According to the Energy Information Adm
Market Watch / Posted 5 days ago
help the New York region much, however. According to the Energy Information Administration, New York is 23rd in energy output. A similar survey conducted by the Philadelphia Fed is due for release on Thursday. More from MarketWatch Related T... Read more
10d
Market Watch
Fed’s Beige Book says worker shortage hurts U.S. hiringemployees on the job. “Workers appear to have less loyalty to the job, and mor
Market Watch / Posted 10 days ago
employees on the job. “Workers appear to have less loyalty to the job, and more job-hopping is showing up on resumes,” the Philadelphia Fed reported. The U.S. economy added a robust 222,000 new jobs in June, but hiring has slowed sharply since... Read more
10d
CNBC
Dollar tanks, gold jumps amid latest Trump scandalrepeat the Fed's latest meeting minutes, without offering fresh cues to boost t
CNBC / Posted 10 days ago
repeat the Fed's latest meeting minutes, without offering fresh cues to boost the greenback. But Innes also noted that Philadelphia Fed chief Patrick Harker's unexpected interview with the Wall Street Journal contained comments that leaned... Read more
10d
The Economic Times
Dollar pressured by Trump Jr. emails, focus on Yellen testimonyonce balance sheet reduction is under way, she will assess inflation before dec
The Economic Times / Posted 10 days ago
once balance sheet reduction is under way, she will assess inflation before deciding on further interest rate increases. Philadelphia Fed President Patrick Harker, a voter on the Federal Open Market Committee, said in an interview with the Wall... Read more
15 related articles
11d
CNBC
Dollar pressured by Trump Jr. emails, focus on Yellen testimonyonce balance sheet reduction is under way, she will assess inflation before dec
CNBC / Posted 11 days ago
once balance sheet reduction is under way, she will assess inflation before deciding on further interest rate increases. Philadelphia Fed President Patrick Harker, a voter on the Federal Open Market Committee, said in an interview with the Wall... Read more
11d
CNBC
Yellen should sound determined to hike interest rates, shrink balance sheetSeptember and December is 54 percent," said Tom Simons, money market economist
CNBC / Posted 11 days ago
September and December is 54 percent," said Tom Simons, money market economist at Jefferies. Fed Gov. Lael Brainard and Philadelphia Fed President Patrick Harker both spoke Tuesday, and they were less convincing about a rate hike. Both were... Read more
11d
The Hill
Fed officials cautious about rate hikes amid inflation lag | State and local governments defend tax deduction in GOP crosshairs | GOP goes after arbitration rulecautious about hiking rates before supporting the Fed’s past three increases.
The Hill / Posted 11 days ago
cautious about hiking rates before supporting the Fed’s past three increases. Brainard’s concerns were echoed Tuesday by Philadelphia Fed President Patrick Harker, who told The Wall Street Journal that a continued lack of inflation increases... Read more
11d
The Hill
Fed officials cautious about rate hikes amid inflation lagwasn’t far from the neutral level sought by Fed officials. ADVERTISEMENT Brai
The Hill / Posted 11 days ago
wasn’t far from the neutral level sought by Fed officials. ADVERTISEMENT Brainard’s concerns were echoed Tuesday by Philadelphia Fed President Patrick Harker, who told The Wall Street Journal that a continued lack of inflation increases... Read more
13 related articles
11d
Zero Hedge
"The Tide Is Going Out" - JPMorgan's Dimon Warns QE Unwind Could Be Far Worse Than Fed HopesFOMC press conference that The Fed will start unwinding its massive balance she
Zero Hedge / Posted 11 days ago
FOMC press conference that The Fed will start unwinding its massive balance sheet "relatively soon" and Patrick Harker, the Philadelphia Fed president, has said the process will be so dull that it is equivalent to watching paint dry. Not everyone... Read more
17d
Business Insider
Wall Street will comb the Fed’s June minutes for the answer to one key questionand Chicago Fed President Charles Evans have changed their minds of late, other
Business Insider / Posted 17 days ago
and Chicago Fed President Charles Evans have changed their minds of late, others seem more in tune with Kashkari. Philadelphia Fed President Patrick Harker said on June 27 the central bank might have to reconsider its rate hike plans if... Read more
23d
Business Insider
The Fed often starts worrying about an overheating economy 'just as the recession it never sees is about to start'bankers were from recessionary risks that were in fact imminent. Here's what A
Business Insider / Posted 23 days ago
bankers were from recessionary risks that were in fact imminent. Here's what Anthony Santomero, ex-president of the Philadelphia Fed, said in November 2000, just two months before the economy entered a brief post-tech bubble slump: "I... Read more
24d
Business Standard India
Global borrowing hits record as big central banks prepare to tighten creditfor euro area borrowing — have doubled over the past two days. The Fed too see
Business Standard India / Posted 24 days ago
for euro area borrowing — have doubled over the past two days. The Fed too seems intent on continuing to tighten policy — Philadelphia Fed President Patrick Harker said this week balance sheet normalisation should be put on "autopilot". And... Read more
55 related articles
24d
Newsmax
Global Debt Hits Record as Big Central Banks Prepare to Tighten Creditfor euro area borrowing - have doubled over the past two days. The Fed too see
Newsmax / Posted 24 days ago
for euro area borrowing - have doubled over the past two days. The Fed too seems intent on continuing to tighten policy - Philadelphia Fed President Patrick Harker said this week balance sheet normalization should be put on "autopilot." And... Read more
55 related articles
24d
Reuters
Global borrowing hits record as big central banks prepare to tighten creditarea borrowing - have doubled over the past two days DE10YT=RR. The Fed too se
Reuters / Posted 24 days ago
area borrowing - have doubled over the past two days DE10YT=RR. The Fed too seems intent on continuing to tighten policy - Philadelphia Fed President Patrick Harker said this week balance sheet normalization should be put on "autopilot". And... Read more
55 related articles
25d
The Courier Mail
Vote delay sees Wall Street falter furtherconsumer confidence for June rose more than expected, which could bolster the F
The Courier Mail / Posted 25 days ago
consumer confidence for June rose more than expected, which could bolster the Fed's case for another rate hike this year. Philadelphia Fed President Patrick Harker said the Fed rightly plans to raise rates once more this year, given recent... Read more
10 related articles
25d
FOX Business
Wall St. falters as Senate delays health voteconsumer confidence for June rose more than expected, which could bolster the F
FOX Business / Posted 25 days ago
consumer confidence for June rose more than expected, which could bolster the Fed's case for another rate hike this year. Philadelphia Fed President Patrick Harker said the Fed rightly plans to raise rates once more this year, given recent... Read more
10 related articles
25d
FOX Business
Wall St. falters as Senate delays health voteconsumer confidence for June rose more than expected, which could bolster the F
FOX Business / Posted 25 days ago
consumer confidence for June rose more than expected, which could bolster the Fed's case for another rate hike this year. Philadelphia Fed President Patrick Harker said the Fed rightly plans to raise rates once more this year, given recent... Read more
10 related articles
25d
FOX Business
Wall St. drops as Senate delays healthcare voteconsumer confidence for June rose more than expected, which could bolster the F
FOX Business / Posted 25 days ago
consumer confidence for June rose more than expected, which could bolster the Fed's case for another rate hike this year. Philadelphia Fed President Patrick Harker said the Fed rightly plans to raise rates once more this year, given recent... Read more
10 related articles
25d
FOX Business
Wall St. drops as Senate delays healthcare voteconsumer confidence for June rose more than expected, which could bolster the F
FOX Business / Posted 25 days ago
consumer confidence for June rose more than expected, which could bolster the Fed's case for another rate hike this year. Philadelphia Fed President Patrick Harker said the Fed rightly plans to raise rates once more this year, given recent... Read more
10 related articles
25d
Philly.com
Mystery Fed candidate won seat at FOMC table, then walked awayof the Board, Its Staff, and the Federal Reserve Banks. The vote on Harker was
Philly.com / Posted 25 days ago
of the Board, Its Staff, and the Federal Reserve Banks. The vote on Harker was published in early March, just after the Philadelphia Fed publicly announced the appointment. The vote approving the candidate who subsequently withdrew never... Read more
25d
FOX Business
Wall St dragged lower by tech stocks; Yellen in focusYellen said it would be going too far to say there won't be another financial c
FOX Business / Posted 25 days ago
Yellen said it would be going too far to say there won't be another financial crisis but the economy was much safer now. Philadelphia Fed President Patrick Harker said on Tuesday the Fed rightly plans to raise rates once more this year, given... Read more
9 related articles
25d
FOX Business
Wall St dragged lower by tech stocks; Yellen in focusYellen said it would be going too far to say there won't be another financial c
FOX Business / Posted 25 days ago
Yellen said it would be going too far to say there won't be another financial crisis but the economy was much safer now. Philadelphia Fed President Patrick Harker said on Tuesday the Fed rightly plans to raise rates once more this year, given... Read more
9 related articles
25d
CNBC
Harker stands by Fed rate hikes but nods to weak inflationeven as he predicted it would take a bit longer for prices to rebound to the U.
CNBC / Posted 25 days ago
even as he predicted it would take a bit longer for prices to rebound to the U.S. central bank's goal. The comments from Philadelphia Fed President Patrick Harker, a centrist U.S. rate-setter, reinforce the central bank's wait-and-see approach to... Read more
25d
FOX Business
S&P, Dow pare losses as bank, consumer stocks riserates as they're more worried about being behind the curve and reloading the gu
FOX Business / Posted 25 days ago
rates as they're more worried about being behind the curve and reloading the gun in case of a recession," added McMillan. Philadelphia Fed President Patrick Harker said on Tuesday the Fed rightly plans to raise rates once more this year, given... Read more
9 related articles
25d
FOX Business
S&P, Dow pare losses as bank, consumer stocks riserates as they're more worried about being behind the curve and reloading the gu
FOX Business / Posted 25 days ago
rates as they're more worried about being behind the curve and reloading the gun in case of a recession," added McMillan. Philadelphia Fed President Patrick Harker said on Tuesday the Fed rightly plans to raise rates once more this year, given... Read more
9 related articles
25d
Reuters
Harker stands by Fed rate hikes but nods to weak inflationeven as he predicted it would take a bit longer for prices to rebound to the U.
Reuters / Posted 25 days ago
even as he predicted it would take a bit longer for prices to rebound to the U.S. central bank's goal. The comments from Philadelphia Fed President Patrick Harker, a centrist U.S. rate-setter, reinforce the central bank's wait-and-see approach to... Read more
25d
Newsmax
Investors Seek Clarity on Fed's Policy Directionalso have the remarks of Minneapolis Fed President Neel Kashkari, San Francisco
Newsmax / Posted 25 days ago
also have the remarks of Minneapolis Fed President Neel Kashkari, San Francisco Fed President John Williams and Philadelphia Fed President Patrick Harker, who all will be working down the list of Federal Open Market Committee (FOMC) 2017... Read more
25d
Market Watch
Treasury yields rise after Draghi dismisses factors holding down inflation as ‘temporary’be especially busy, with the main highlight of Yellen’s talk on the global econ
Market Watch / Posted 25 days ago
be especially busy, with the main highlight of Yellen’s talk on the global economy coming up at 1 p.m. Eastern in London. Philadelphia Fed President Patrick Harker, a voter, will speak at 11:15 a.m. Eastern, while Minneapolis Fed President Neel... Read more
4 related articles
25d
Newsmax
Mystery Fed Candidate Won Seat at FOMC Table, Then Walked Awayof the Board, Its Staff and the Federal Reserve Banks. The vote on Harker was p
Newsmax / Posted 25 days ago
of the Board, Its Staff and the Federal Reserve Banks. The vote on Harker was published in early March, just after the Philadelphia Fed publicly announced the appointment. The vote approving the candidate who subsequently withdrew never... Read more
25d
Reuters
Stock futures slip on tech selloff; Yellen in focusshows only a 40 percent chance of a rate hike at the Fed's December meeting. M
Reuters / Posted 25 days ago
shows only a 40 percent chance of a rate hike at the Fed's December meeting. Minneapolis Fed head Neel Kashkari and Philadelphia Fed chief Patrick Harker are also scheduled to speak later in the day. Investors have been anxious about a... Read more
9 related articles
25d
Market Watch
Gold aims for fourth gain in five sessions as dollar, stocks wobblecommentary backing up or undermining what is expected to be at least one more i
Market Watch / Posted 25 days ago
commentary backing up or undermining what is expected to be at least one more interest-rate hike from the Fed this year. Philadelphia Fed President Patrick Harker will also speak in London, while San Francisco’s John Williams, who already... Read more
25d
Market Watch
Broadly weaker dollar sinks to two-week low against eurocommentary backing up or undermining what is expected to be at least one more i
Market Watch / Posted 25 days ago
commentary backing up or undermining what is expected to be at least one more interest-rate hike from the Fed this year. Philadelphia Fed President Patrick Harker will also speak in London, while San Francisco’s John Williams, who already... Read more
25d
Zero Hedge
Euro Surges, Bunds Tumble On Unexpectedly Hawkish Draghi Commentsbe Janet Yellen, who addresses the British Academy in London at 1700 GMT (1pm E
Zero Hedge / Posted 25 days ago
be Janet Yellen, who addresses the British Academy in London at 1700 GMT (1pm EDT), less than two hours after an address by Philadelphia Fed President Patrick Harker in the same city at 1515 GMT. Fed officials have signaled they will look through a... Read more
9 related articles
25d
Market Watch
Wall Street stocks poised to slip, as techs come under pressure againwill repeat the hawkishness that sent the buck sharply higher mid-June, Lien ad
Market Watch / Posted 25 days ago
will repeat the hawkishness that sent the buck sharply higher mid-June, Lien added. Two other Fed speakers are ahead: Philadelphia Fed President Patrick Harker is due to talk in London at 11:15 a.m. Eastern about the economic outlook and... Read more
25d
CNBC
Fed speeches, data set the scene on Wall StreetPhiladelphia Fed President Patrick Harker is expected to be speaking at the Eur
CNBC / Posted 25 days ago
Philadelphia Fed President Patrick Harker is expected to be speaking at the European Economics & Financial Centre in London, where he is set to discuss international trade and the economic outlook. Fed Chair Janet Yellen will also be in the British... Read more
25d
CNBC
US Treasurys dip lower as bond investors await Fed speeches, dataare set to speak on Tuesday, with investors keeping an eye out for any hints as
CNBC / Posted 25 days ago
are set to speak on Tuesday, with investors keeping an eye out for any hints as to how the U.S. economy is performing. Philadelphia Fed President Patrick Harker is expected to be speaking at the European Economics & Financial Centre in London,... Read more
26d
CNBC
Wall Street economists have been ‘consistently wrong’ in 10-year rate forecasts, and here’s whyforecast (for the second quarter of this year) according to the Survey of Profe
CNBC / Posted 26 days ago
forecast (for the second quarter of this year) according to the Survey of Professional Forecasters, published by the Philadelphia Fed, is 2.9 percent. Slok acknowledged that he is among the community magnified in these results. He offered... Read more
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