Federal Reserve Bank in Philadelphia, Pennsylvania, United States
Credit-Card Delinquency Rates Were Worst on Record in Fed Study: US credit-card delinquency rates were the highest on record in the fourth quarter ...
bloomberg.com/news/articles/2024-04-10/credit-card-delinquency-rates-were-worst-on-record-in-fed-study
THURSDAY, APRIL 18: Major U.S. Economic Reports & Fed Speakers:
- 8:30 am ET: Initial jobless claims
- 8:30 am ET: Philadelphia Fed manufacturing survey ... Show more
Fed Speeches: Latest on Remarks From Harker, Barkin, Kashkari, Others: Federal Reserve Bank of Cleveland President Loretta Mester suggested the central bank ...
bloomberg.com/news/articles/2024-04-04/fed-latest-philadelphia-s-harker-says-inflation-still-too-high
Paid articlePaid
US credit-card delinquency rates were the highest on record in the fourth quarter, according to a new report.
Almost 3.5% of card balances were at least 30 ... Show more finance.yahoo.com/news/credit-card-delinquency-rates-were-191416468.html
US Government Debt Risk: A Million Simulations Show Danger Ahead: Bloomberg Economics ran a million forecast simulations on the US debt outlook ...
bloomberg.com/news/articles/2024-04-01/us-government-debt-risk-a-million-simulations-show-danger-ahead
Paid articlePaid
A million simulations, one verdict for US economy: Debt danger ahead: Britain’s experience in fall 2022 provides a glimpse into the abyss.
bostonherald.com/2024/04/02/a-million-simulations-one-verdict-for-us-economy-debt-danger-ahead/
Wall Street Breakfast: Riddled With Rates: This article discusses the dwindling odds of rate cuts amid hot inflation, costs to comply with EPA's PFAS rule ...
seekingalpha.com/article/4683258-wall-street-breakfast-riddled-rates
Fresh uncertainty around rate cuts exposes the stock market’s winners and losers: 5% 10-year Treasury yield no longer considered a level that might trigger a ...
marketwatch.com/story/fresh-uncertainty-around-fed-rate-cuts-exposes-the-stock-markets-winners-and-losers-afe0c399
No, credit-card delinquencies aren’t at a record high: Delinquencies are still in line with the long-term historical average, says Deutsche Bank
marketwatch.com/story/no-credit-card-delinquencies-arent-at-a-record-high-5c391de2
THURSDAY, MARCH 21: Major U.S. Economic Reports
- 8:30 am ET: Initial jobless claims
- 8:30 am ET: Philadelphia Fed manufacturing survey
- 9:45 am ET: S&P ... Show more
Morning Bid: Sliding yen rouses snoozing yuan: A look at the day ahead in European and global markets from Tom Westbrook
reuters.com/markets/europe/global-markets-view-europe-2024-03-26/
Why $0 student-loan payments aren't all they're cracked up to be: Philly Fed: The Philadelphia Fed found that having a $0 monthly student-loan payment helps ...
businessinsider.com/no-monthly-student-loan-payment-not-helpful-borrowers-long-run2024-3
Paid articlePaid
JPMorgan Chase accuses TransUnion of stealing 'trade secrets': The credit bureau's Argus unit collected the bank's credit card data on behalf of regulators ...
americanbanker.com/news/jpmorgan-chase-accuses-transunion-of-stealing-trade-secrets
This Week's Major U.S. Economic Reports & Fed Speakers:
MONDAY, MARCH 4:
- 12:00 pm ET: Philadelphia Fed President Tom Harker speaks
TUESDAY ... Show more
Fed’s Harker Cautions Against Cutting Interest Rates Too Soon: Federal Reserve Bank of Philadelphia President Patrick Harker said that it will likely be ...
bloomberg.com/news/articles/2024-02-22/fed-s-harker-cautions-against-cutting-interest-rates-too-soon
Paid articlePaid Stock market news today: Stocks mixed ahead of Fed testimony: Jerome Powell is scheduled to testify before Congress on Wednesday and Thursday ...
markets.businessinsider.com/news/stocks/stock-market-news-today-fed-testimony-jobs-data-interest-rates-2024-3
Morning Bid: AI 'tipping point' sends Nvidia, Nasdaq, Nikkei north: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-02-22/
Morning Bid: Rates angst, China cut and credit card deal: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-02-20/
Morning Bid: Tech-led U.S. 'exceptionalism' underlined: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-graphics-2024-02-15/
Fed’s Harker Says US Nearing Soft Landing as Inflation Falls: Federal Reserve Bank of Philadelphia President Patrick Harker said a soft landing for the US ...
bloomberg.com/news/articles/2024-02-07/fed-s-harker-says-us-nearing-soft-landing-as-inflation-falls
Paid articlePaid
Federal Reserve officials caution against cutting US interest rates too soon or too much
baltimoresun.com/2024/02/22/federal-reserve-officials-caution-against-cutting-us-interest-rates-too-soon-or-too-much/
Newly Long Bond Traders See Profits Vanish in Position Wash Out: Bond traders’ fresh long positions in Treasury futures were destroyed by the one-two punch of ...
trib.al/0nT78h4
Student Loans: Most Non-Payers Say They Can't Afford to Keep Up: More than half of Americans who’ve failed to pay student-loan bills since the October ...
bloomberg.com/news/articles/2024-01-19/most-student-loan-non-payers-say-they-can-t-afford-to-keep-up
Paid articlePaid Fed's Goolsbee Expects Interest Rates To Fall With Inflation: 'Golden Path' Is Possible
benzinga.com/news/econ-s/24/01/36695699/feds-goolsbee-expects-interest-rates-to-fall-with-inflation-says-golden-path-is-possible
I-95 reconstruction is really a widening project that will hurt Philly neighborhoods
inquirer.com/real-estate/i-95-highways-penndot-reconstruction-widening-cities-injustice-mitigate-biden--20240122.html
Fed’s Beige Book Shows Strong Consumer, Cooling Labor Market: Resilient consumer spending helped propel the US economy in recent weeks, offsetting weakness in ...
trib.al/XK2sRNw
Bond Bulls Fixated on Fed-Rate Cuts Risk Getting Smacked Around: Bond traders are growing more convinced that US yields are heading lower as they bet on a series ...
bloomberg.com/news/articles/2024-01-14/bond-bulls-fixated-on-fed-rate-cuts-risk-getting-smacked-around
Credit card delinquencies surpass pre-pandemic levels: More Americans are buckling under the weight of mounting credit card debt.
cnn.com/2024/01/11/economy/credit-card-delinquencies/
Consumers won't save the economy, wild holiday shopping spree is over: The US will probably tip into an economic downturn by the end of this year ...
businessinsider.com/us-economic-outlook-consumer-spending-shopping-slowdown-recession-unemployment-risk-2024-1
America's Economy Isn't Out of the Woods: Tight monetary conditions suggest the economy may not be completely out of the woods when it comes to a recession ...
newsweek.com/americas-economy-isnt-out-woods-1864933
Stocks are up as 'animal spirits' are back: Blackstone's Schwarzman: Some investors are behaving irrationally with a Fed pivot seemingly on the horizon ...
markets.businessinsider.com/news/stocks/stock-market-outlook-blackstone-steve-schwarzman-animal-spirits-federal-reserve-2024-1
Credit Card Delinquency Rates Climb to Decade High, Philadelphia Fed Study Shows: Credit-card delinquency rates have exceeded pre-pandemic levels ...
bloomberg.com/news/articles/2024-01-11/credit-card-delinquency-rates-climb-to-decade-high-in-fed-study
Paid articlePaid Interest Rates Should Move Down But Not Immediately, Fed's Harker Says: Federal Reserve Bank of Philadelphia President Patrick Harker said the central bank ...
bloomberg.com/news/articles/2023-12-20/fed-s-harker-says-rates-should-move-down-but-not-immediately
Federal Reserve Bank of Philadelphia President Patrick Harker said it’s important that the central bank starts to move interest rates lower ... Show more
Will savings interest rates stay high in 2024?: Experian analysis finds that savings interest rates will likely decrease in 2024, but not by much.
kentucky.com/news/business/article284029743.html
Taylor Swift: How she became part of this year's economic story: In an economic moment defined by a resilient consumer, Taylor Swift's "Eras Tour" became one ...
finance.yahoo.com/news/taylor-swift-how-she-became-part-of-this-years-economic-story-124056939.html
Fed to cut rates 6 times as recession spreads, job market flails: market vet: "When things fall apart, they fall apart fast," according to one Wall Street ...
businessinsider.com/fed-rate-cuts-recession-outlook-economy-job-market-unemployment-rate-2024-1
Americans Rack Up $19 Billion in Credit Card Debt in One Month: Wells Fargo reports a surge in U.S. consumer credit card debt, indicating potential financial ...
newsweek.com/us-consumer-debt-credit-card-increase-wells-fargo-report-financial-strain-1865082
View On Wall Street: No Plan = No Results: Conflicting economic data and uncertainty over Fed policy create a volatile investment landscape ...
seekingalpha.com/article/4663888-view-on-wall-street-no-plan-no-results
Paid articlePaid A fresh reading of the Fed's preferred inflation measure will put the market rally to the test in the week ahead.
Here's a look at what's happening this week ... Show more yhoo.it/3RNfqJ1
Americans see elevated inflation as the new normal: That could make inflation more sticky — or require the Fed to undertake more painful interventions.
axios.com/2023/11/13/inflation-cpi-economic-data-2023-prices
Quick Glance: Surprising Drop in US Producer Prices in October
- Last month saw the largest decrease in the producer price index for final demand since April 2020 at 0.5%.
- The PPI increased by 1.3% in the 12 months through October, following a 2.2% rise in September.
- Goods prices experienced a 1.4% decline in October, with a 15.3% decrease in gasoline prices being responsible for over 80% of the drop.
- Food prices fell by 0.2%, while prices for light motor trucks decreased.
A Gift Of Knowledge: Top 10 Economic Charts Of 2023 You'll Likely Want To Share During Your Holiday Gathe
benzinga.com/economics/macro-economic-events/23/12/36374699/a-gift-of-knowledge-top-10-economic-charts-of-2023-youll-likely-want-to-share-dur
Federal Reserve Seeks Anecdotes Over Economic Data for Uncertain Outlook: Federal Reserve Bank of Richmond President Thomas Barkin asked for a show of hands: How ...
bloomberg.com/news/articles/2023-11-20/federal-reserve-seeks-anecdotes-over-economic-data-for-uncertain-outlook
Morning Bid: Ebbing oil sustains economic glow: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2023-11-16/
S&P 500: Positive Run Into 2024: We expect GDP growth for the U.S. in 2024 to be between 1.7% and 2.12%, with interest rates ranging from 4.39% to 4.6% ...
seekingalpha.com/article/4658916-s-and-p-500-positive-run-into-2024
Paid articlePaid Key events tomorrow (ET)
8:30 AM
Initial jobless claims
2 PM
Fed Chair Jerome Powell on panel at IMF
8:40 PMPhiladelphia Fed President Patrick Harker speaks
Fed’s rate strategy stymied by stubborn housing cost inflation: The Federal Reserve is facing questions about its ability to tame one of the largest drivers of ...
thehill.com/business/4290453-feds-rate-strategy-stymied-by-stubborn-housing-cost-inflation/
These 16 states are already in a recession: Sixteen US states' economies contracted between July and October, according to the Philadelphia Fed.
businessinsider.com/recession-outlook-economy-states-contracting-gdp-growth-philadelphia-fed-texas-2023-11
Morning Bid: Range-bound markets awaits Powell - again: A look at the day ahead in European and global markets from Ankur Banerjee
reuters.com/markets/europe/global-markets-view-europe-2023-11-09/
Quick Glance: Powell's Pushback Impacts Market Reaction
- Federal Reserve Chairman Jerome Powell holds a press conference in Washington
- Market reacts to Powell's resistance against early rate cuts
- Minimal change in market pricing after Powell's precautionary measure
- 30-year auction closes with higher yield than expected, signaling investor concerns
Dollar edges down before comments from Fed's Powell: The dollar edged lower on Thursday before a speech by Federal Reserve Chairman Jerome Powell ...
reuters.com/markets/currencies/forex-euro-finds-footing-hawkish-policy-remarks-lower-energy-prices-2023-11-09/
S&P 500: Why 2024 Could Be The Worst Year Since 2008: Despite a strong November for S&P500 and increased investor confidence, I predict a recession due to high ...
seekingalpha.com/article/4655795-sp-500-why-2024-could-be-the-worst-year-since-2008
Paid articlePaidQuick Glance: Record High: S&P 500 Soars in 2023
- Since the significant increase in long-term US Treasury yields at the end of October 2023, stock prices have risen as the prospects for economic growth in the US economy show signs of slowing.
- In addition to further data indicating a slowdown in demand-driven inflation, the prospect of interest rate cuts in 2024 has increased.
- Investors anticipate that from March 20 (2024-Q1), economic conditions will deteriorate, leading the Fed to initiate a series of quarter-point interest rate cuts at six-to-twelve-week intervals through the end of 2024.
- According to a study by the St. Louis Fed, it will take the Fed four years to recoup income losses.
US Fed official says rate cut unlikely in 'short term': The US Federal Reserve is likely done raising interest rates to tackle inflation but probably ...
thejakartapost.com/business/2023/11/09/us-fed-official-says-rate-cut-unlikely-in-short-term.html
Fed meeting preview: Jerome Powell, policymakers signal what's next: Central bankers have shared mixed views on how monetary policy could change as officials ...
businessinsider.com/recession-outlook-jerome-powell-fed-policymakers-central-bank-investors-rates-2023-10
US Fed likely to pause again with rates at 22-year high: Interest rate hikes slow down inflation by raising the cost of borrowing from the bank ...
thejakartapost.com/business/2023/10/30/us-fed-likely-to-pause-again-with-rates-at-22-year-high.html
Fed's Harker says Fed should not be considering more rate increases: Federal Reserve Bank of Philadelphia President Patrick Harker said on Monday the central ...
reuters.com/markets/us/feds-harker-says-fed-should-not-be-considering-more-rate-increases-2023-10-16/
Fed's Powell: Strong economy may still require rate increases - Reuters News: The U.S. economy's strength and continued tight labor markets could warrant further ...
reuters.com/markets/us/view-feds-powell-strong-economy-may-still-require-rate-increases-reuters-news-2023-10-19/
Quick Glance: Fed Chair Powell: Bond Market Restraining Strong US Economy
- Powell agrees that rising yields tighten financial conditions and may reduce the need for further rate increases.
- Interest rates on Treasury bonds rose during Powell's remarks.
- Powell and colleagues consider the market-driven tightening of credit as a possibility.
- Labor market cooling and decreasing inflation are observed.
Morning Bid: To 5% and beyond, bond yields soar: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2023-10-19/
Morning Bid: Bond squeeze abates as Middle East war in focus: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/global-markets-view-usa-2023-10-20/
Wall St ends sharply lower, posts weekly losses; Mideast fears increase: U.S. stocks ended sharply lower for the day and week on Friday as investors worried ...
reuters.com/markets/us/futures-inch-lower-treasury-yields-surge-earnings-focus-2023-10-20/
Wall St drops as Treasury yields surge, Powell speaks: U.S. stocks ended solidly lower on Thursday, with shares of Tesla falling after its results and Treasury ...
reuters.com/markets/us/futures-fall-treasury-yields-climb-fresh-16-yr-highs-tesla-drops-2023-10-19/
Wall Street ends up on earnings optimism; eyes remain on Middle East: Major U.S. stock indexes ended sharply higher on Monday as investors were optimistic about ...
reuters.com/markets/us/futures-up-ahead-earnings-data-middle-east-tensions-weigh-2023-10-16/
NY Fed finds modest economic impact from restart of student loan payments: The resumption of student loan payments should have only a modest impact on U.S ...
reuters.com/markets/us/ny-fed-finds-modest-economic-impact-restart-student-loan-payments-2023-10-18/
Federal Reserve unveils Instagram, Threads accounts: The Federal Reserve can now be followed on Instagram and Threads. In a news release ...
thehill.com/homenews/media/4235662-federal-reserve-unveils-instagram-threads-accounts/
S&P 500 ends near flat; utilities drop, focus on rate outlook: The S&P 500 ended nearly flat on Monday with utilities falling sharply and investors weighing the ...
reuters.com/markets/us/futures-rise-us-congress-averts-govt-shutdown-2023-10-02/
Fed’s Harker Favors Holding Interest Rates Where They Are: Federal Reserve Bank of Philadelphia President Patrick Harker said disinflation is under way and ...
bloomberg.com/news/articles/2023-10-13/fed-s-harker-reiterates-call-for-holding-interest-rates-steady
WSJ News Exclusive | Why One Fed Official Is Ready to Stop Raising Rates: Philadelphia Fed President Patrick Harker said he thinks the central bank can likely ...
wsj.com/economy/central-banking/why-one-fed-official-is-ready-to-stop-raising-rates-73330eeb
Fed chief Powell has warned of economic pain. In York, Pa., he heard all about it
reuters.com/markets/us/fed-chief-powell-has-warned-economic-pain-york-pa-he-heard-all-about-it-2023-10-02/
Morning Bid: Bond crush stifles markets as $134 billion hits: A look at the day ahead in U.S. and global markets by Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2023-09-26/
Quick Glance: US job market defies rising interest rates and high unemployment
- Last year's inflation spike was painful, but the job market remained resilient.
- Economists predicted dire consequences from rate hikes, but the economy has shown unexpected durability.
- How is the Fed managing to combat inflation without causing negative effects?
- Can the job market stay strong despite the Fed's intention to keep rates high?
Philadelphia’s Black workers spend 34 more minutes per week commuting than white workers, new report says
inquirer.com/jobs/labor/black-workers-commuting-longer-philadelphia-federal-reserve-bank-20231017.html
Morning Bid: Markets strap in for PMI data dump: A look at the day ahead in European and global markets from Brigid Riley
reuters.com/markets/europe/global-markets-view-europe-2023-10-02/
CHART OF THE DAY: A sign the Fed's rate hikes are finally over: "If financial conditions, which have tightened considerably in the past 90 days, remain tight ...
markets.businessinsider.com/news/stocks/fed-rate-hikes-over-bond-yields-tightening-chart-of-day-2023-10
Morning Bid: Fed leaves shoe dangling in policy parade: A look at the day ahead in U.S. and global markets by Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2023-09-21/
Quick Glance: US Federal Reserve Maintains Steady Interest Rates - Temporarily
- In March 2022, the bank already raised interest rates from near zero to cool the economy and control price inflation.
- They also anticipate higher interest rates next year compared to previous forecasts.
- The US announcement precedes the Bank of England's meeting on Thursday, as it tackles its own inflation challenges.
- The widely expected rate increase by the Bank has not been announced.
S&P 500 ends near flat; utilities drop, focus on rate outlook: The S&P 500 ended nearly flat on Monday with utilities falling sharply and investors weighing the ...
reuters.com/markets/us/futures-rise-us-congress-averts-govt-shutdown-2023-10-02/
'Sticky' inflation is a good sign for the health of the economy: Retail sales in September were higher than expected. While not good for slowing the economy ...
businessinsider.com/sticky-inflation-economy-recession-soft-landing-2023-10
Stock market news today: Bond yields fall on more dovish Fed comments: "I believe that we are at the point where we can hold rates where they are. Look ...
markets.businessinsider.com/news/stocks/stock-market-news-today-bond-yields-fall-dovish-fed-comments-2023-10
Dollar up after inflation data boost: The US dollar touched a one-week high against a basket of currencies on Friday, extending its gains from the previous ...
thedailystar.net/business/global-economy/news/dollar-after-inflation-data-boost-3443411
Before the Bell: Markets await Powell comments: A look at Thursday morning’s market action
theglobeandmail.com/investing/markets/inside-the-market/article-october-19-before-the-bell-canadian-investors-powell-fed/
Paid articlePaidNew to NewsWall?
Sign up now to get your own personalized news!
Trending topics