Economic Statistics for 10 Jul 14
Chain stores reporting June sales today note generally modest rates of sales growth, with no changes to earnings guidance.
Initial jobless claims fell 11,000 last week to 304,000. The 4-week moving average fell 3,500 to 311,500. Continuing claims rose 10,000 to 2.584 million.
The Bloomberg Consumer Comfort Index rose 1.2 points to 37.6.
Wholesale inventories rose 0.5% in May, against a 0.7% sales increase, leaving the stock-to-sales ratio unchanged at a lean 1.18.
The Fed’s balance sheet rose $6.4 billion last week, with total assets of $4.383 trillion. Reserve Bank credit increased $6.0 billion.
The Fed reports that M2 Money Supply fell by $-3.9 billion last week.