Philadelphia Federal Reserve Bank

Philadelphia Federal Reserve Bank President Charles Plosser was just on CNBC with Steve Liesman and he discussed monetary policy and the state of the U.S. economy. He was asked about the recent dissent with two others on the recent policy actions that the Federal reserve took at its August 9...

Despite poor economic numbers, the Dow Jones, the NASDAQ, and the S&P 500 all rallied on Thursday morning. Is this a sign of increasing inflation expectations among investors? On Thursday, the Labor Department reported jobless claims of 414,000. The number represents a drop of 16,000, but any...

Philadelphia Federal Reserve Bank President Charles Plosser said that despite the weak May nonfarm payrolls report on Friday, this does not change the view that monetary policy could be tightened at the end of the year. In other words, do not expect a QE3, at least for now. Plosser, who is a...

The Philadelphia Fed's Business Outlook will be released Thursday at 10:00 am eastern time. There are many regional manufacturing surveys, and they tend to be ranked in order of timeliness and the importance of the region. The Philadelphia Fed's survey is first each month, actually coming out...

US stock futures for the NASDAQ are up 7.25 points to 1,850.8; for S&P 500 is up 5.1 points to 1,094.16; for DOW is up 41.00 points to 10,415.54 on Wednesday 6.27 AM EST. At 8:30 AM EST, the US Department of Labor will release first-time claims for jobless benefits for the week ended August 14...

According to Charles Plosser, president of the Philadelphia Federal Reserve Bank, the US Fed will have no option but to raise interest rates in the face of an improving economy. Else, the Fed might lose the public's confidence in its commitment to keeping inflation low and stable. Plosser, who is...