Free Markets, Free People

Economic Statistics for 30 Jul 15

The nation’s long period of below-trend economic growth extends into its sixth year. 2Q GDP was only 2.3% annualized. The GDP Price Index is also restrained once again, at 2.0% annualized.

Initial weekly jobless claims rose 12,000 to 267,000. The 4-week average fell 3,750 to 274,750. Continuing claims fell 1,000 to 2.255 million.

The Bloomberg Consumer Comfort Index fell a steep -1.9 points lower to 40.5 in the latest week.

The Fed’s balance sheet fell $-15.0 billion last week, with total assets of $4.486 trillion. Reserve bank credit fell $-4.5 billion.

The Fed reports that M2 money supply rose by $18.3 billion in the latest week.

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