Economic Statistics for 26 Dec 13
Initial jobless claims fell 42,000 to 338,000. The 4-week average rose 4,500 to 348,000, while continuing claims rose 46,000 to 2.923 million. Holiday volatility is still skewing the claims numbers wildly.
The Bloomberg Consumer Comfort Index rose 2 points to -27.4 in the latest week.
The Fed’s balance sheet rose $24.5 billion last week, with total assets of $4.033 trillion. Reserve Bank credit increased $27 billion.
The Fed reports that M2 money supply rose by $5 billion in the latest week.