Federal Reserve Bank of Philadelphia

The economy is doing well and the Federal Reserve should hold rates for now, Federal Reserve Bank of Philadelphia President Patrick Harker said Friday.

The municipal bond market received a variety of data Thursday suggesting economic strength belying the recession forecast by the 2/10-year Treasury yield curve inversion on Wednesday.

Existing home sales and the Federal Reserve Bank of Richmond’s manufacturing index support a 25 basis point Fed rate cut next week.

With the economy strong, Federal Reserve Bank of Philadelphia President Patrick Harker said interest rates should be held for now.

Trade issues with China should end with a deal, leaving the U.S. economy mostly unscathed, the Federal Reserve Bank of Boston president said.

Financial markets ignored surprisingly strong data and stayed focused on tariffs and developments in talks with China.

The debate over the success of quantitative easing continues, even as the threat of recession slips.

Change is always difficult, and the Federal Reserve’s attempt to find a better monetary policy framework is no exception.

The region's services sector “continued to expand” at nearly the same pace as the previous month.

Manufacturers report activity has “continued to grow” in April.

The Federal Reserve should return to its pre-crisis corridor operating system, with a smaller balance sheet, former Federal Reserve Bank of Philadelphia President Charles Plosser said.

The region's services sector accelerated, as the general business conditions index grew to 21.7 in March.

The U.S. central bank should only raise interest rates once this year “at most” given risks to the economic outlook including Britain’s departure from the European Union, said Federal Reserve Bank of Philadelphia President Patrick Harker.

Manufacturers report activity “improved” in March.

The region's services sector accelerated, as the general business conditions index rebounded to 10.0 in February from 1.0 in January.

The Federal Reserve Bank of Philadelphia Report on Business general business conditions index dropped to negative 4.1 from positive 17.0.

If the economy moves as expected, Federal Reserve Bank of Philadelphia President Patrick Harker expects one rate hike this year and one next year.

Manufacturers report expansion at a faster pace in January, and Federal Reserve Bank of Philadelphia Report on Business respondents said price indexes continued trending lower.

The Federal Reserve Bank of Philadelphia released its annual revision to its Manufacturing Business Outlook Survey, based on new seasonal adjustment factors.

The region's services sector decelerated, as the general business conditions index slumped to 3.9 in December from 43.3 in November.