Free Markets, Free People
Economic Statistics for 16 Dec 13
The following US economic statistics were announced today:
The MBA reports Purchase Applications rose 15.2% in the latest week, with purchases up 13.0% and re-fis up 15.0%.
Lower energy costs kept the Consumer Price Index restrained with a 0% rise for December. The core rate, ex-food and energy, rose 0.1%.
The Treasury reports foreign demand for long-term US securities rose a net $52.3 billion in November.
The Fed’s reading on Industrial Production rose 0.3% in December, while Capacity Utilization rose 0.4% to 78.8%.
The Housing Market Index is unchanged this month at 47, still below the break-even point of 50.
The Fed’s Beige Book is reporting that all 12 Federal Reserve Districts saw "modest or moderate" economic growth since the last report.