Tag Archive for Philadelphia Fed

Philly Fed Says 48 of 50 State Economies to Grow

The Federal Reserve Bank of Philadelphia today released the leading indexes for the 50 states for April 2012. The leading indexes are a six-month forecast of the state coincident indexes, which reflect current economic activity in each state. Forty-eight state coincident indexes are projected to grow over the next six months, while two are projected…

Plosser Says Rates Should Rise Before 2014 FOMC Target Date

Philly Fed President Charles Plosser said in a speech in San Diego: “You may know that I dissented from the FOMC decisions in August and September because it was not clear to me that increasing monetary policy accommodation was appropriate then. After all, inflation was higher and unemployment was lower relative to the previous year,…