Federal Reserve Bank of Philadelphia

The region's manufacturing sector expanded in November, at a slower pace than in October.

Economists in the latest Philadelphia Federal Reserve Bank's quarterly survey marked up their forecasts for growth this year and next but said they expect inflation toward the Fed's 2% target to slow going forward.

With little slack in the labor market, “inflation is likely to reassert itself at some point, so increasing the fed funds target rate “makes sense,” Federal Reserve Bank of Philadelphia President Patrick Harker said Sunday.

Federal Reserve Bank of Philadelphia President Patrick Harker suggested he’ll likely support a third 2017 interest-rate increase next month.

The region's non-manufacturing sector “reported continued growth,” although the general business conditions index decreased to 32.2 in October from 33.2 in September.

The region's manufacturing sector expanded in October, at a faster pace than in September.

The region's non-manufacturing sector “continued to expand,” as the general business conditions index increased to 33.2 in September from 31.8 in August.

The region's non-manufacturing sector “continued to expand,” as the general business conditions index increased to 31.8 in August from 23.4 in July, this month's Federal Reserve Bank of Philadelphia Report on Business, released Tuesday, indicates.

The region's manufacturing sector expanded in August, but at a slower pace than in July, as the general business conditions index decreased to 18.9 from 19.5 in July, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

Inflation will not grow as much as previously forecast, according to the latest projections in the Federal Reserve Bank of Philadelphia's survey of professional forecasters.

One more rate hike should remain appropriate this year, Federal Reserve Bank of Philadelphia President Patrick Harker said Tuesday, although he said he thinks it will take a little longer than he expected for inflation to hit the Fed’s 2% target.

The region's non-manufacturing sector “continued to expand,” at a faster pace, as the general business conditions index increased to 33.6 in June from 25.6 in May, this month's Federal Reserve Bank of Philadelphia Report on Business, released Tuesday, indicates.

The region's manufacturing sector expanded in June, but at a slower pace than in May, as the general business conditions index decreased to 27.6 from 38.8 in May, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

The June Federal Open Market Committee meeting should be live, Federal Reserve Bank of Philadelphia President Patrick Harker said.

Having a positive view of the economy, Federal Reserve Bank of Philadelphia President and CEO Patrick T. Harker said Friday he expects two more rate increases this year.

Analysts expect growth over the next four quarters to be "slightly stronger now" compared to their view three months ago, while the unemployment outlook is also "brighter," a survey of professional forecasters by the Philadelphia Federal Reserve Bank showed Friday.

The region's non-manufacturing sector “continued to expand,” this month's Federal Reserve Bank of Philadelphia Report on Business, released Tuesday, indicates.