Calculated Risk
A top ranked economics and finance blog with a focus on the housing market
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A top ranked economics and finance blog with a focus on the housing market
A top ranked economics and finance blog with a focus on the housing market
The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for March 2021. Over the past three months, the indexes increased in 49 states and decreased in one state, for a three-month diffusion index of 96. Additionally, in the past month, the indexes increased in 49 states and decreased in one state, for a one-month diffusion index of 96. For comparison purposes, the Philadelphia Fed has also developed a similar coincident index for the entire United States. The Philadelphia Fed’s U.S. index increased 1.6 percent over the past three months and 0.6 p...