Beige Book - Federal Reserve Survey
Jul 29, 6:03 PM ET |
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| Reports from the 12 Federal Reserve Districts suggest that economic activity continued to be weak going into the summer, but most Districts indicated that the pace of decline has moderated since the last report or that activity has begun to stabilize, albeit at a low level. |
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Crude Oil Inventories Rise
Jul 29, 5:56 PM ET |
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| U.S. commercial crude oil inventories increased by 5.1 million barrels from the previous week. At 347.8 million barrels, U.S. crude oil inventories are above the upper boundary of the average range for this time of year. |
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New Home Sales Rise 11% in June
Jul 27, 11:09 AM ET |
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| New home sale in June increased to 384,000, 11% increase from May but declined 21.3% from a year ago. Median sale price in June was $206,200 and the average sale price was $276,900. |
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For the Third Month Existing Home Sales Rise
Jul 23, 3:45 PM ET |
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| Existing-home sales – including single-family, townhomes, condominiums and co-ops – increased 3.6% to a seasonally adjusted annual rate1 of 4.89 million units in June from a downwardly revised pace of 4.72 million in May, but are 0.2% lower than the 4.90 million-unit level in June 2008. |
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Unemployment Claims Rise 30,000
Jul 23, 3:52 PM ET |
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| The seasonally adjusted initial claims for unemployment was 554,000, an increase of 30,000 from the revised 524,000 claims previous week. The 4-week moving average was 566,000, a decrease of 19,000 from the revised average of 585,000 in the previous weeek. |
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Semiannual Monetary Policy Report
Jul 21, 11:00 AM ET |
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| The Fed Chairman Bernanke in his prepared remarks to lawmakers noted that inflation risk are low, economic recovery will be slow this and next year and unemployment will remain above long term average in 2010 and 2011. Credits extended to banks has declined to $600 billion from $1.5 trillion. |
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Housing Starts Rise 3.6% in June
Jul 17, 6:37 PM ET |
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| The U.S. housing starts increased 3.6% in June to annual rate of 582,000 surprising the bond market. Single-family housing starts were at a rate of 470,000, 14.4% above the revised 411,000 starts in May. |
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Jobless Claims Decline 47,000
Jul 16, 5:32 PM ET |
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| The seasonally adjusted initial claims of unemployment in the week ending July 11 decreaesd 47,000 to 522,000 and the claims were revised in the previous weeks to 569,000. Seasonally adjusted insured unemployment rate was 4.7% in the previous week. |
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