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Economic Statistics for 16 Apr 14

The Fed’s Beige Book today continued to characterize US economic growth as “modest” or “moderate”, i.e. below-trend.

The Atlanta Fed Business Inflation Expectations report projects year-ahead inflation of 1.9%.

Industrial production rose 0.7% in March, while capacity utilization in the nation’s factories rose 0.4% to 79.2%.

Housing starts rose a less-than-expected 2.8% to a 0.946 million annual rate.

The MBA reports that mortgage applications rose 4.3% last week. Purchases rose 1.0% and re-fis rose 7.0%.

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