Gary Siegel

Supervisory tools are the optimal way to lessen risks of instability from easy money policy, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Friday.

Pending home sales inched up 0.1% to an index reading of 95.0 in January, after a revised 5.8% decline to 94.9 in December, according to a report released Friday by the National Association of Realtors.

The University of Michigan's final February consumer sentiment index reading was 81.6, compared to the preliminary February 81.2, the final January 81.2, and the preliminary January 82.5, according to market sources.

The Chicago Purchasing Managers' Business Barometer inched up to 59.8 in February from 59.6 in January, the National Association of Purchasing Management-Chicago said Friday.

Preliminary fourth quarter gross domestic product rose 2.4%, down from the advance estimate of 3.2% growth, the Commerce Department reported Friday.

The Treasury Department auctioned $29 billion of seven-year notes, with a 2% coupon, a 2.105% high yield, a price of 99.319903.

The Treasury Department said it will auction $20 billion 66-day cash management bills on Feb. 28.

The Treasury Department said it will auction $25 billion year bills on March 4.

The Treasury Department said Thursday it will auction $25 billion 91-day bills and $25 billion 182-day discount bills Monday.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "was slightly positive, and although producers' expectations moderated somewhat they remained at solid levels overall," according to the bank's monthly manufacturing survey, released Thursday.

The seasonally adjusted Milwaukee Report on Business slid to a contractionary 48.6 in February from 52.8 in January, the Institute for Supply Management-Milwaukee reported Thursday.

Initial jobless claims climbed 14,000 to 348,000 in the week ended February 22, the Labor Department said Thursday.

U.S. durable goods orders slipped 1.0% in January, while excluding transportation orders grew 1.1%, the Commerce Department reported Thursday.

The Treasury Department auctioned $35 billion of five-year notes, with a 1 1/2% coupon, a 1.530% high yield, a price of 99.856123.

Preaching patience, Federal Reserve Bank of Boston President & Chief Executive Officer Eric S. Rosengren said Wednesday, the Federal Reserve needs to assess labor market slack before tightening monetary policy.

The Treasury Department Wednesday auctioned $13 billion of one-year 11-month floating rate notes with a high discount margin of 0.064%, at a 0.045% spread, a price of 99.962992

Sales of new single-family homes increased 9.6% to a 468,000 seasonally adjusted annual rate in January, according to data released by the Commerce Department Wednesday.

Texas service sector activity cooled in February, according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index fell to 9.8 from 18.1.

Service sector activity "remained generally modest" in February, according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing activity in the central Atlantic region "slowed" in February, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index dropped to negative 6 in February from positive 12 in January.