The fourth quarter of 2025 marked modest improvements in credit performance for credit card accounts, with early-stage delinquency declining from a series high two years earlier. That said, credit ...

The near-term outlook for the U.S. economy looks better now than it did three months ago, according to 40 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The forecasters predict the ...

Economic Insights — During this fast-moving pandemic, it's vital that policymakers can rely on real-time estimates of real GDP growth. Jonas Arias and Minchul Shin show us how it's done. COVID-19 has ...

Economic Insights — Since they exploded in popularity, stablecoins have been playing a growing role in the real economy. Stablecoins are digital assets designed to maintain a stable value. Unlike ...

The dashboard organizes the metrics from the Third Federal Reserve District into issue areas that include overall prosperity, quality job creation, education and workforce development, and ...

The Consumer Credit Explorer (CCE) enables users to look at quarterly changes in credit use indicators and to compare trends across different geographies. These indicators are generated using the ...

Economic Insights — At the onset of the COVID-19 pandemic, several key markets faced serious trouble. We take a closer look at what happened in the corporate bond market, and at the Fed's efforts to ...

Research in Focus — By modeling the transmission of economic shocks from one country to another, the authors uncover a previously understudied flaw of a gold-based monetary system. In modeling the ...

Our Consumer Finance Institute researches how people earn, spend, save, and invest, as well as how credit markets and payment systems affect the economy. Our goal is to foster a healthy consumer ...

The Federal Reserve Bank of Philadelphia has announced the following promotions and appointments. In addition, Kimberly Caruso will be appointed Collateral Data Administration Support Group officer; ...

Card delinquencies fall, but many card borrowers are spending less in real terms; mortgage originations show modest growth Credit card purchase volume reached an all-time peak in the second quarter of ...

WP 20-43 - We study liquidity conditions in the corporate bond market during the COVID-19 pandemic, and the effects of the unprecedented interventions by the Federal Reserve. We find that, at the ...