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 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.

More Federal Reserve System News


Federal Reserve Board Speech
01/16/20Speech by Governor Bowman on the outlook for housing
01/09/20Speech by Vice Chair Clarida on the U.S. economic outlook and monetary policy
01/08/20Speech by Governor Brainard on strengthening the Community Reinvestment Act by staying true to its core purpose
12/18/19Speech by Governor Brainard on update on digital currencies, stablecoins, and the challenges ahead
12/03/19Testimony by Vice Chair for Supervision Quarles on supervision and regulation
11/26/19Speech by Governor Brainard on the Federal Reserve review of monetary policy strategy, tools, and communications: some preliminary views
11/25/19Speech by Chair Powell on building on the gains from the long expansion
11/19/19Testimony by Arthur Lindo, Deputy Director, Board of Governors of the Federal Reserve System, on minority depository institutions
11/14/19Speech by Vice Chair Clarida on the Federal Reserve’s review of its monetary policy strategy, tools, and communication practices
11/14/19Brief remarks by Vice Chair for Supervision Quarles via pre-recorded video
11/13/19Testimony by Chair Powell on the economic outlook
11/12/19Speech by Vice Chair Clarida on monetary policy, price stability, and equilibrium bond yields: success and consequences
11/08/19Speech by Governor Brainard on why climate change matters for monetary policy and financial stability
11/01/19Speech by Vice Chair Clarida on the United States, Japan, and the global economy
11/01/19Speech by Vice Chair for Supervision Quarles on Friedrich Hayek and the price system
Recent Economic News Results
Job Openings fell to 6.8 million in November

01/17/20 - The number of job openings fell to 6.8 million (-561,000) on the last business day of November, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.8 million and 5.6 …more…

University of Michigan Consumer Confidence Preliminary January Results virtually unch to 99.1

01/17/20 - Consumer sentiment remained virtually unchanged in early January, differing by just 0.2 Index-points from December. This stability extended to all components, both current assessments as well as future economic prospects. Impeachment was …more…

Industrial Production declined 0.3%
Capacity Utilization decreased to 77.0%

01/17/20 - Industrial production declined 0.3 percent in December, as a decrease of 5.6 percent for utilities outweighed increases of 0.2 percent for manufacturing and 1.3 percent for mining. The drop for utilities resulted from a large decrease in demand …more…

December Housing Starts increased 16.9%, Permits down 3.9%

01/17/20 - Building Permits
Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,416,000. This is 3.9 percent (±1.6 percent) below the revised November rate of 1,474,000, but is 5.8 …more…

Business Inventories down 0.2% in November

01/16/20 - The combined value of distributive trade sales and manufacturers’ shipments for November, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,465.7 billion, up 0.7 percent (±0.2 percent) from October …more…