Free Markets, Free People

Economic Statistics for 18 Sep 14

Housing starts for August fell a disappointing 14.4% to an annualized 0.956 million units, but this comes off a very strong July reading.

Initial weekly jobless claims fell 36,000 to 280,000. The 4-week average fell 4,750 to 299,500. Continuing claims fell 63,000 to 2.429 million.

The Bloomberg Consumer Comfort Index rose 0.7 points to 37.2 in the latest week.

The general business conditions index of the Philadelphia Fed’s Business Outlook Survey fell -5.5 points to 22.5 in September.

The Fed’s balance sheet rose $28.2 billion last week, with total assets of 4.408 trillion. Reserve bank credit rose $29.9 billion.

The Fed reports that M2 money supply rose by $25.1 billion in the latest week.


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