By Tom Ozimek Manufacturing activity in the U.S. Mid-Atlantic region jumped sharply in September, beating expectations and reaching its strongest level this year, the Federal Reserve Bank of Philadelphia reported on Sept. 18. The bank’s monthly Manufacturing Business Outlook Survey showed its current general activity index rising by a whopping 24 points to 23.2 in […]
Tag: Federal Reserve System
The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.
