Free Markets, Free People

Economic Statistics for 26 May 14

Personal income rose 0.4% in May, while personal spending rose 0.2%. The May PCE Price index rose 0.2% at both the headline and core level. On a year-over-year basis, the PCE Price index is up and up 1.5% less food and energy.

The Kansas City Fed manufacturing index fell from 10 in May to 6 in June.

Weekly initial jobless claims fell 2,000 to 312,000. The 4-week average rose 3,000 to 314,250. Continuing claims rose 12,000 to 2.571 million.

The Bloomberg Consumer Comfort Index is unchanged at 37.1 in the latest week.

The Fed’s balance sheet rose $0.2 billion last week, with total assets of $4.368 trillion. Total reserve bank credit rose by $9.7 billion.

The Fed reports that M2 money supply rose $4.3 billion in the latest week.

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