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First District: Boston Second District: New York Third District: Philadelphia Fourth District: Cleveland Board of Governors Board of Governors Fifth District: Richmond Sixth District: Atlanta Seventh District: Chicago Eighth District: St. Louis Ninth District: Minneapolis Tenth District: Kansas City Eleventh District: Dallas Twelfth District: San Francisco Twelfth District: San Francisco
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Business Cycle Dating Committee Page - Watch NBER's Jim Poterba on CNBC Dec2009 - Sep2010.

Last Peak in U.S. Economic Activity was December 2007 and Current Trough was June 2009
Previous Peak in U.S. Economic Activity was March 2001 and Previous Trough was November 2001.

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Latest Economic Results Provided by
New Home Sales in April at annual rate of 673,000

05/23/19 - New Home Sales
Sales of new single‐family houses in April 2019 were at a seasonally adjusted annual rate of 673,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.9 percent (±14.0 percent)* below the revised March rate of 723,000, but is 7.0 percent …more…

Kansas City Fed Manufacturing Activity grew at a modest pace in May

05/23/19 - Tenth District manufacturing activity continued to grow at a modest pace in May, and expectations for future activity remained mostly solid (Chart 1). Price indexes showed little change, with most indexes lower than a year ago and some slight upward movement in future raw …more…

Weekly Initial Unemployment Claims Decrease 1,000 to 211,000

05/23/19 - In the week ending May 18, the advance figure for seasonally adjusted initial claims was 211,000, a decrease of 1,000 from the previous week's unrevised level of 212,000. The 4-week moving average was 220,250, a decrease of 4,750 from the previous week's unrevised average …more…

Purchase Apps up, Refi's up in Latest MBA Weekly Survey

05/22/19 - Mortgage applications increased 2.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 17, 2019.

The Market Composite Index, a measure of mortgage loan application volume, increased 2.4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 2 percent compared with the previous week. The Refinance Index increased 8 …more…

Existing-Home Sales dipped 0.4% in April

05/21/19 - Existing-home sales saw a minor decline in April, continuing March’s drop in sales, according to the National Association of Realtors®. Two of the four major U.S. regions saw a slight dip in sales, while the West saw growth and the Midwest essentially bore no changes …more…

Philadelphia Fed NonManufacturing Survey Suggest Activity Continued Growth in May

05/21/19 - Responses to the May Nonmanufacturing Business Outlook Survey lightly moderated but continued to suggest expansion in nonmanufacturing activity in the region. The indexes for general activity at the firm level, new orders, and sales/revenues all remained positive but fell from last month’s readings. The index for full-time employment edged …more…

Chicago Fed National Activity points to slower economic growth in April

05/20/19 - Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.45 in April from +0.05 in March. Three of the four broad categories of indicators that make up the index decreased from March, and two of the four categories made negative contributions to the index in April. The index’s three-month …more…

U.S. Leading Economic Index increased 0.2% in April

05/17/19 - The Conference Board Leading Economic Index® (LEI)for theU.S. increased 0.2 percent in April to 112.1 (2016 = 100), following a 0.3 percent increase in March, and a 0.2 percent increase in February.

“The US LEI rose in April, the third consecutive increase, with a majority of the leading indicators making positive contributions,” said Ataman Ozyildirim, Director of Economic Research at The Conference Board. “Stock prices, financial conditions, and consumers’ outlook on …more…

University of Michigan Consumer Confidence Preliminary May Results surged to 102.4

05/17/19 - The Index of Consumer Sentiment surged in early May to its highest level in fifteen years. All of the May gain was in the Expectations Index, which also rose to its highest level since 2004, while the Current Conditions Index was virtually unchanged and well below the cyclical peak set in March 2018. Consumers viewed prospects for the …more…

Weekly Initial Unemployment Claims Decrease 16,000 to 212,000

05/16/19 - In the week ending May 11, the advance figure for seasonally adjusted initial claims was 212,000, a decrease of 16,000 from the previous week's unrevised level of 228,000. The 4-week moving average was 225,000, an increase of 4,750 from the previous week's unrevised average …more…

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10 N Independence Mall W
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