Free Markets, Free People

Economic Statistics for 28 Apr 16

The initial estimate for 1st Quarter 2016 GDP came in at a lower-than-expected annualized rate of 0.5%. The GDP price index rose 0.7%.

The Kansas City Fed Manufacturing Index rose 2 points to a still-negative -4.

Weekly initial jobless claims rose 9,000 to 257,000. The 4-week average fell 4,750 to 256,000, the lowest in 42 years. Continuing claims fell 5,000 to 2.130 million which is the lowest in 16 years.

The Bloomberg Consumer Comfort Index rose 0.5 points to 43.4.

The Fed’s balance sheet fell $15.5 billion last week, with total assets of $4.475 trillion. Reserve bank credit fell $-7.0 billion.

The Fed reports that M2 money supply rose by $16.1 billion in the latest week.

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