Map of the Twelve Federal Reserve Districts
Image map of the United States with links to websites of the Federal Reserve Districts
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
National Bureau of Economic Research (NBER)
Business Cycle Dating Committee Page - Watch NBER's Jim Poterba on CNBC June2020 - Dec2009 - Sep2010.

Current Peak in U.S. Economic Activity was February 2020
Last Peak in U.S. Economic Activity was December 2007 and Last Trough was June 2009
Previous Peak in U.S. Economic Activity was March 2001 and Previous Trough was November 2001

More Federal Reserve System News


Federal Reserve Board Speech
09/16/20Testimony by Kent Hiteshew, Deputy Associate Director, Division of Financial Stability, on the Municipal Liquidity Facility
09/04/20Testimony by Sheila Clark, Program Director, Office of Diversity and Inclusion, on diversity and inclusion
09/01/20Speech by Governor Brainard on bringing the Statement on Longer-Run Goals and Monetary Policy Strategy into alignment with longer-run changes in the economy
08/31/20Speech by Vice Chair Clarida on the Federal Reserve’s new monetary policy framework
08/27/20Speech by Chair Powell on new economic challenges and the Fed's monetary policy review
08/26/20Speech by Governor Bowman on the pandemic’s effect on the economy and banking
08/19/20Brief remarks by Governor Bowman at the Outstanding Women of Kansas Awards Ceremony
08/13/20Speech by Governor Brainard on "An Update on Digital Currencies"
08/06/20Speech by Governor Brainard on the future of retail payments in the United States
07/14/20Speech by Governor Brainard on navigating monetary policy through the fog of COVID
07/07/20Speech by Vice Chair for Supervision Quarles on global in life and orderly in death: post-crisis reforms and the too-big-to-fail question
06/29/20Testimony by Chair Powell on the coronavirus and CARES Act
06/19/20Introductory comments by Chair Powell at "Building a Resilient Workforce," a video conference sponsored by the Federal Reserve Bank of Cleveland
06/19/20Speech by Vice Chair for Supervision Quarles on the adaptability of stress testing
06/16/20Speech by Vice Chair Clarida on the U.S. economic outlook and monetary policy
Federal Reserve Press Release
09/18/20Federal Reserve Board updates frequently asked questions to clarify the Board and Department of Treasury’s expectations regarding lender underwriting for the Main Street Lending Program
09/18/20Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households
09/17/20Federal Reserve Board releases hypothetical scenarios for second round of bank stress tests
09/16/20Federal Reserve issues FOMC statement
09/16/20Federal Reserve Board and Federal Open Market Committee release economic projections from the September 15-16 FOMC meeting
09/15/20G.17 Industrial Production
09/14/20Federal Reserve Board appoints Trevor Reeve as director of the Division of Monetary Affairs
09/04/20Federal Reserve Board releases corrected stress test results stemming from an error in projected trading losses and as a result, revised the capital requirements for two banks
09/02/20Statement by Federal Reserve Board Chair Jerome H. Powell on the passing of Thomas Laubach, director of the Division of Monetary Affairs
09/02/20Beige Book
09/01/20Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by Hurricane Laura and California Wildfires
09/01/20Agencies extend comment period on proposed revisions to interagency questions and answers regarding flood insurance
08/27/20Federal Open Market Committee announces approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy
08/26/20Federal Reserve Board announces approval of the application by First Illinois Bancorp, Inc.
08/26/20Agencies issue three final rules
Economic Events This Week
9/21Mon08:30AM : Aug Chicago Fed National Activity Index (CFNAI)
9/22Tue07:45AM : Weekly TRE-GS Store Sales Index
9/22Tue08:30AM : Sep Philadelphia Fed Non-Mfg Business Outlook Survey
9/22Tue09:00AM : Weekly Redbook Retail Sales Index
9/22Tue10:00AM : Aug Exisiting Home Sales
9/22Tue10:00AM : Sep Richmond Fed Manufacturing Survey
9/23Wed07:00AM : Weekly MBA Mortgage Applications Survey
9/23Wed10:30AM : Weekly U.S. Petroleum Status Report
9/24Thu08:30AM : Weekly Initial Jobless Claims
9/24Thu10:00AM : Aug New Home Sales
9/24Thu11:00AM : Sep Kansas City Fed Manufacturing Survey
9/25Fri08:30AM : Aug Durable Goods Orders
Recent Economic News Results
U.S. Leading Economic Index increased 1.2% in August

09/18/20 - The Conference Board Leading Economic Index® (LEI) for the U.S. increased 1.2 percent in August to 106.5 (2016 = 100), following a 2.0 percent increase in July and a 3.1 percent increase in …more…

University of Michigan Consumer Confidence Preliminary September Results rose to 78.9

09/18/20 - Consumer sentiment improved in early September, reaching the top of the range it has traveled since April. While the recent gain was consistent with an unchanged flat trend, the data indicated that the election has begun to have an impact …more…

2Q2020 Current Account Deficit Increased

09/18/20 - The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $59.0 billion, or 52.9 percent, to $170.5 billion in …more…

Weekly Initial Unemployment Claims Decrease 33,000 to 860,000

09/17/20 - In the week ending September 12, the advance figure for seasonally adjusted initial claims was 860,000, a decrease of 33,000 from the previous week's revised level. The previous week's level was revised up by 9,000 from 884,000 to 893,000. …more…

August Housing Starts Decreased 5.1%, Permits down 0.9%

09/17/20 - Building Permits
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,470,000. This is 0.9 percent (±1.4 percent)* below the revised July rate of 1,483,000 and is 0.1 percent …more…