Gary Siegel

The region's non-manufacturing sector "grew at a slightly slower pace" in September, as the general business conditions index declined to 23.7 from 24.8 in August, this month's Federal Reserve Bank of Philadelphia Report on Business, released Tuesday, indicates.

Builders' confidence in the market for new single-family homes was higher as the National Association of Home Builders' housing market index rose to 65 in September from a downwardly revised 59 in August.

Industrial production fell 0.4% in August, the Federal Reserve reported Thursday.

The region's manufacturing sector expanded in September, as the general business conditions index soared to 12.8 from 2.0 in August, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

U.S. current account deficit fell to $119.9 billion in the second quarter of 2016 from a $131.8 billion deficit in the first quarter of, the Commerce Department reported Thursday.

Initial jobless claims rose 1,000 to 260,000 in the week ended Sept. 10, the Labor Department said Thursday.

The Empire State Manufacturing Survey showed "business activity edged lower in New York State," the Federal Reserve Bank of New York reported Thursday, as the general business conditions index narrowed to negative 1.99 in September from negative 4.21 in August.

The federal government ran a $107.1 billion deficit in August, the Treasury Department reported Tuesday.

Although the economy has made progress, inflation still remains below target, which gives the Federal Reserve time to wait before raising rates, Fed Governor Lael Brainard said Monday.

Consumers increased their expectations for inflation, according to the August Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

While refusing to opine on the remaining Federal Open Market Committee meetings for the year, Federal Reserve Bank of Atlanta President and Chief Executive Officer Dennis Lockhart Monday urged the panel engage in a "serious discussion" of a rate hike.

The Federal Reserve should wait to see more evidence of sustained inflation before raising rates Federal Reserve Board Governor Daniel Tarullo said Friday.

Despite low gross domestic product growth, and without offering a timetable, Federal Reserve Bank of Boston President & Chief Executive Officer Eric S. Rosengren Friday called for gradual interest rate hikes.

Consumer credit increased by $17.7 billion in July to $3.661 trillion, the Federal Reserve reported Thursday.

Labor market conditions were "little changed and momentum remained high in August," as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) remained at 0.09 in August from a revised 0.09 in July, first reported as 0.041, according to the Bank.

The European Central Bank announced its Governing Council held interest rates at its latest monetary policy meeting Thursday.

Newly issued Treasury securities held in stripped form increased about $768 million in August to a total of $223.442 billion, the Bureau of the Public Debt reported Wednesday.

The economy continued to expand modestly, although some districts reported slower growth or no change in activity, according to the latest Beige Book report, released by the Federal Reserve Wednesday.

The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, fell to negative 0.7 in August from a revised positive 1.3 in July, first reported as positive 1.0.

The Conference Board's Employment Trends Index (ETI) fell to 128.02 in August from an upwardly revised 128.44 in July, and is up 0.8% from a year ago, the group announced Tuesday.