Free Markets, Free People

Economic Statistics for 17 Sep 15

Housing Starts fell -0.3% in August to a 1.126 million annual rate, while permits rose 3.5% to a 1.170 million annual rate.

The nation’s current account deficit for the 2nd Quarter of 2015 was $109.7 billion vs a revised $118.3 billion in the first quarter.

The Philadelphia Fed Business Outlook Survey joined the Empire State survey in negative territory, falling from 8.3 to -6.0 in August.

The Federal Open Markets Committee left interest rates unchanged today, with a Fed Funds target rate of 0% to 0.25%.

The FOMC’s economic predictions for the US economy foresee substandard annual GDP growth of 2.0% to 2.6% for the next three years. 

Initial weekly jobless claims fell 11,000 to 264,000. The 4-week average fell 3,250 to 272,500. Continuing claims fell 26,000 to 2.237 million.

The Bloomberg Consumer Comfort Index fell -1.2 points to 40.2 in the latest week.

The Fed’s balance sheet rose $9.6 billion last week, with total assets of $4.488 trillion. Reserve bank credit rose $6.6 billion.

The Fed reports that M2 money supply rose by $1.3 billion in the latest week.

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