Today’s economic statistical releases:

Initial jobless claims dropped 6k from last week to 403k, but that was still 3k higher than analysts expected.

The Bloomberg index of consumer comfort fell to -48.4 from last week’s -50.8.

Existing home sales fell -3.0% to a 4.91 million annual rate in September, mainly due to a 3.6% drop in the key single-family component.

The Philadelphia Fed reports that the Mid-Atlantic manufacturing sector is stabilizing and improving as the general business conditions index rose to 8.7 from -9.8.

Most of the leading economic indicators point to sluggish growth ahead, but loose monetary policy boosted the overall index by 0.2%.

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Dale Franks
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