Personal Income up 0.4%
Jun 30, 9:05 AM EDT |
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| Personal income increased $38.3 billion, or 0.4%, and disposable personal income increased $31.6 billion, or 0.3%. |
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| Personal consumption expenditures in May increased $40.3 billion, or 0.4%. In April, personal income increased $76.2 billion, or 0.7%, DPI increased $52.4 billion, or 0.6%, and PCE increased $65.3 billion, or 0.7%, based on revised estimates. |
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Fed Fights Inflation with 0.25% Rate Hike
Jun 29, 2:46 PM EDT |
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| The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 5-1/4%. |
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| Recent indicators suggest that economic growth is moderating from its quite strong pace earlier this year, partly reflecting a gradual cooling of the housing market and the lagged effects of increases in interest rates and energy prices. |
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Net Investment Position Drops
Jun 29, 10:28 AM EDT |
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| At yearend 2004, the U.S. net international investment position was $2,360.8 billion. |
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| The U.S. net international investment position at yearend 2005 was $2,693.8 billion with direct investment valued at current cost, as the value of foreign investments in the United States exceeded the value of U.S. investments abroad. |
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Jobless Claims Rise to 313,000
Jun 29, 9:25 AM EDT |
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| The advance seasonally adjusted insured unemployment rate was 1.9% for the week ending June 17, up 0.1 percentage point from the prior week. |
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| In the week ending June 24, the advance figure for seasonally adjusted initial claims was 313,000, an increase of 4,000 from the previous week''s revised figure of 309,000. The 4-week moving average was 305,500, a decrease of 6,000 from the previous week''s revised average of 311,500. |
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GDP Beats Estimates
Jun 29, 9:14 AM EDT |
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| In the fourth quarter, real GDP increased 1.7%. |
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| Real gross domestic product -the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 5.6% in the first quarter of 2006, according to final estimates released by the Bureau of Economic Analysis. |
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Gasoline and Crude Supplies Decline
Jun 28, 11:06 AM EDT |
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| U.S. crude oil imports averaged over 10.5 million barrels per day last week, down 448,000 barrels per day from the previous week. |
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| U.S. crude oil refinery inputs averaged over 16.1 million barrels per day during the week ending June 23, up 156,000 barrels per day from the previous week''''s average. Refineries operated at 93.8% of their operable capacity last week. Gasoline production dropped slightly last week compared to the previous week, averaging over 9.3 million barrels per day, while distillate fuel production increased slightly, averaging over 4.2 million barrels per day. |
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Consumer Confidence Slightly up
Jun 27, 11:00 AM EDT |
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| The Conference Board Consumer Confidence Index, which had decreased in May, posted a slight increase in June. |
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| The Index now stands at 105.7, up from 104.7 in May. The Present Situation Index decreased to 132.7 from 134.1. The Expectations Index, however, edged up to 87.6 from 85.1 last month. |
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Existing Home Sales Ease in May
Jun 27, 10:46 AM EDT |
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| Existing home sales experienced a minor decline in May with home prices rising near normal rates, according to the National Association of Realtors. |
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| Total existing-home sales, including single-family, townhomes, condominiums and co-ops, eased 1.2% to a seasonally adjusted annual rate of 6.67 million units in May from a pace of 6.75 million in April, and were 6.6 percent below the 7.14 million-unit level in May 2005. |
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New Home Sales Increase 4.6% in May
Jun 26, 10:31 AM EDT |
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| The median sales price of new houses sold in May 2006 was $235,300; the average sales price was $294,300. |
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| Sales of new one-family houses in May 2006 were at a seasonally adjusted annual rate of 1,234,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. |
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Durable Goods Orders Drop Unexpectedly
Jun 23, 9:04 AM EDT |
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| Inventories of manufactured durable goods in May, up four of the last five months, increased $1.0 billion or 0.4% to $279.7 billion. |
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| New orders for manufactured durable goods in May decreased $0.6 billion or 0.3% to $208.7 billion, the U.S. Census Bureau announced today. This is the second consecutive monthly decrease and follows a 4.7% April decrease. |
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