Free Markets, Free People

Economic Statistics for 20 Aug 15

The MBA reports that mortgage applications rose 3.6% last week, with purchases down -1.0% but refis up 7.0%.

Consumer prices rose 0.1% in July, with the core CPI up 0.1% as well. On a year-over-year basis, the CPI is up 0.2% overall, and 1.8% at the core.

The Philadelphia Fed Survey rose from 5.7 to 8.3 in August, indicating the huge plunge in Tuesday’s Empire State survey was a fluke.

Existing home sales rose 2.0% in July to a greater-than-expected 5.59 million annual rate. Sales are up 10.3% from last July.

The Conference Board’s index of leading economic indicators fell 0.2% in July.

Initial weekly jobless claims rose 3,000 to 277,000. The 4-week average rose 5,250 to 271,500. Continuing claims fell 24,000 to 2.254 million.

The Bloomberg Consumer Comfort Index rose 0.4 points to 41.1 in the latest week.

The Fed’s balance sheet fell $-2.0 billion last week, with total assets of $4.487 trillion. Reserve bank credit rose $10.5 billion.

The Fed reports that M2 money supply rose by $26.5 billion in the latest week.

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