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The Philadelphia Fed Is Reviewing the State Coincident and Leading Indexes

The recent benchmark data revisions from the Bureau of Labor Statistics produced greater-than-normal changes to the Philadelphia Fed’s estimating methodology. While estimates for most states do appear to be reasonable, those for some states are not. Economists at the Bank are currently reviewing the estimation parameters for all 50 states; therefore, both indexes will be unavailable until further notice.


Posted in Research Announcements