Larry Cordell, SVP, Risk Assessment, Data Analysis, and Research Group, and Xudong An, AVP, Supervision, Regulation, and Credit, both of the Federal Reserve Bank of Philadelphia, speak about foreclosure trends as borrowers continue exiting forbearance.
Read More »Low- to Moderate-Income Households Struggling in Philadelphia Fed District
While much of the overall economic news has been positive as of late, a survey from the Federal Reserve Bank of Philadelphia released Wednesday indicated that low- to moderate-income (LMI) households are still struggling in the areas of employment and household stability.
Read More »Economic Growth Expected to Slow Down As Unemployment Stays Level
The Philadelphia Fed reported that the labor market outlook remains unchanged. The forecasters predicted similar results as the last survey for unemployment, noting that it will be an annual average of 5.3 percent in 2015, before falling to 5.0 percent in 2016, 4.8 percent in 2017, and 4.7 percent in 2018.
Read More »Economists Predicting Good News for Job Market, Housing
A survey conducted among economists by the Federal Reserve Bank of Philadelphia on economic growth in the United States released on Friday revealed that predictions have been revised upward for the labor market – which means good news for the economy and for housing recovery.
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