Free Markets, Free People

Economic Statistics for 20 Feb 14

The Consumer Price Index rose 0.1% in January. The "core" CPI, which excludes food and energy, also rose 0.1%. On a year-over-year basis, both the headline and core CPI rose 1.6%.

Initial jobless claims fell 3,000 to 336,000. The 4-week average rose 1,750 to 338,500, while continuing claims rose 37,000 to 2.981 million.

Markit Economics’ PMI Manufacturing Index Flash for February rose 3 points to 56.7.

The Bloomberg Consumer Comfort Index rose 0.1 points to -30.6 in the latest week.

The Philadelphia Fed Survey’s general conditions index was very negative, dropping to -6.3 in February from January’s 9.4.

The Conference Board’s index of leading indicators rose 0.3% in January.

The Fed’s balance sheet rose $29.8 billion last week, with total assets of $4.149 trillion. Reserve Bank credit increased $35.5 billion.

The Fed reports that M2 money supply rose by $41.3 billion in the latest week.

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2 Responses to Economic Statistics for 20 Feb 14

  • He [Sen. Joe Manchin] asked for all the listeners to let him and other lawmakers know their thoughts on the variety of topics, including the Affordable Care Act.

    “We spend more on health care than any state, but we rank 43rd on wellness and longevity.”

    Both parties agree on many aspects of the ACA, such as pre-existing conditions not being excluded from coverage and no lifetime caps, but there are still many kinks that need to be fixed, Manchin said.

    “I will vote tomorrow to repeal (the ACA), but I want to fix the problems in it.”