Economic Statistics for 16 Jun 16
Consumer prices rose 0.2% in May, at both the headline and core rates. On a year-over year basis, the CPI is up 1.0% overall, but up 2.2% ex-food and -energy.
Despite a raft of negative details in the report, the overall Philadelphia Fed Survey rose from -1.8 to 4.7 in June.
The nation’s current account deficit widened in the 1st Quarter, to $-124.7 billion from an upwardly revised $-113.4 billion in the 4th Quarter.
The NAHB’s Housing Market Index, after holding unchanged for four straight months, those 2 points to 60 in June.
Initial weekly jobless claims rose 13,000 to 277,000. The 4-week average fell 500 to 269,250. Continuing claims rose 45,000 to 2.157 million.
The Bloomberg Consumer Comfort Index fell sharply, down -1.1 points to 42.1 in the latest week.
The Fed’s balance sheet rose $9.3 billion last week, with total assets of $4.472 trillion. Reserve bank credit increased $8.7 billion.
The Fed reports that M2 money supply rose by $12.7 billion in the latest week.