Free Markets, Free People

Economic Statistics for 7 Aug 14

Weekly initial jobless claims fell 14,000 to 289,000. The 4-week average fell 3,750 to 293,500. Continuing claims fell 24,000 to 2.518 million.

The Bloomberg Consumer Comfort Index fell -0.1 points to 36.2.

Consumer credit rose $17.3 billion in June mainly driven by the nonrevolving component, which rose $16.3 billion.

The Fed’s balance sheet rose  $3.5 billion with total assets of $4.410 trillion. Reserve Bank credit rose $1.9 billion.

The Fed reports that M2 Money supply rose $29.2 billion in the latest week.

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