Gary Siegel

The Federal Open Market Committee should define the amount of assets it will purchase under QE3 and stop when that limit is reached, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Monday.

The pace of economic growth will quicken in 2014 and "somewhat more in 2015," after disappointing this year, Federal Reserve Bank of New York President and Chief Executive Officer William C. Dudley said Monday.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred an 0.080% high rate, up from 0.075% the prior week, and the six-months incurred a 0.100% high rate, up from 0.095% the week before.

The Treasury Department said Tuesday it will sell $45 billion of four-week discount bills Tuesday.

Builders' confidence in the market for new single-family homes slipped as the National Association of Home Builders' housing market index remained at 54 in November, unchanged from a downwardly revised 54 in October, originally reported as 55.

The Empire State Manufacturing Survey showed "conditions weakened somewhat for New York manufacturers," the Federal Reserve Bank of New York reported Friday as the general business conditions index fell to negative 2.21 in November from positive 1.52 in October.

The Treasury Department Thursday auctioned $16 billion of 30-year bonds with a 3 3/4% coupon at a 3.810% high yield, a price of 97.618838.

The Treasury Department said it will auction $13 billion 9-year 8-month inflation-protected notes on Thursday, Nov. 21.

The Treasury Department said Thursday it will auction $32 billion 91-day bills and $28 billion 182-day discount bills Monday.

The public expects too much from the Federal Reserve, particularly monetary policy, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Thursday.

Initial jobless claims dropped 2,000 to 339,000 in the week ended November 9, the Labor Department said Thursday.

The Treasury Department auctioned $24 billion of 10-year notes with a 2 3/4% coupon at a 2.750% high yield, a price of par.

The Treasury Department Wednesday auctioned $25 billion of 364-day bills at a 0.135% high yield, a price of 99.863500.

The Treasury Department Wednesday auctioned $45 billion of four-week bills at a 0.060% high yield, a price of 99.995333.

The Federal Open Market Committee's recent statement that tapering will depend on the economic outlook and the "costs and efficacy," could suggest to some The FOMC "is not following a goal-oriented approach to monetary policy," Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Tuesday.

The Treasury Department Tuesday auctioned $30 billion of three-year notes with a 5/8% coupon at a 0.644% yield, a price of 99.943637.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.075% high rate, up from 0.050% the prior week, and the six-months incurred a 0.095% high rate, up from 0.085% the week before.

The Treasury Department said Tuesday it will sell $45 billion of four-week discount bills Wednesday.

The Conference Board's Employment Trends Index (ETI) slipped to 113.65 in September from a downwardly revised 114.68 in September, initially reported as 114.78, and is up 4.9% from a year ago, the group announced Tuesday.

The Chicago Fed National Activity Index for September grew to positive 0.14 from a revised positive 0.13 reading in August, while the three-month moving average (CFNAI-MA3) improved to negative 0.03 from a revised negative 0.15 in August, the Federal Reserve Bank of Chicago reported Tuesday.