Economic Statistics for 29 May 14
The Commerce Department’s first revision of 1st Quarter GDP was revised down to a -1.0% annualized decline. The GDP price index was unchanged at a 1.3% annualized increase.
The pending home sales index rose 0.4% to 97.8 in April.
Weekly initial jobless claims fell 27,000 to 300,000. The 4-week average fell 11,250 to 311,500. Continuing claims fell 17,000 to 2.631 million.
The Bloomberg Consumer Comfort Index fell -0.8 points to 33.3 in the latest week, the lowest level since November 2013.
The Fed’s balance sheet fell $-4.9 billion last week, with total assets of $4.322 trillion. Total reserve bank credit rose by $7.7 billion.
The Fed reports that M2 money supply rose $5.0 billion in the latest week.