Gary Siegel

The Federal Open Market Committee needs to have more data on labor markets, GDP, inflation and the Fed's balance sheet before agreeing to taper purchases of assets, Federal Reserve Bank of St. Louis President James Bullard said Friday.

New York City business activity expanded in July, as the current business conditions index soared to 67.8 from 47.0 in June, the Institute for Supply Management-New York's Report on Business index, released Friday, indicated.

U.S. inflationary pressures were slightly lower in July, as the U.S. future inflation gauge slipped to 102.9 from a downwardly revised 103.1 in June, originally reported as 103.3, according to data released Friday morning by the Economic Cycle Research Institute.

The Treasury Department said Thursday it will auction $30 billion 91-day bills and $25 billion 182-day discount bills Monday.

The overall economy grew for the fiftieth straight time, while the manufacturing sector expanded for the second consecutive month, the Institute for Supply Management reported Thursday.

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

The Chicago Purchasing Managers' Business Barometer gained to 52.3 in July from 51.6 in June, the National Association of Purchasing Management-Chicago said Wednesday.

The employment cost index rose 0.5% in the second quarter, after increasing 0.5% during the first quarter, according to a report by the Labor Department's Bureau of Labor Statistics released Wednesday.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.030% high yield, a price of 99.997667.

Texas service sector activity expanded faster in July, according to business executives responding to the Texas Service Sector Outlook Survey, as the revenue index rose to 12.7 from 6.8.

The consumer confidence index declined to 80.3 in July from a revised 82.1 last month, The Conference Board reported Tuesday.

The Treasury Department said it expects to borrow $209 billion in the third quarter.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.030% high rate, down from 0.035% the prior week, and the six-months incurred a 0.065% high rate, off from 0.070% the week before.

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

Texas factory activity, as measured by the production index, "continued to expand in July," according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.

Pending home sales dipped 0.4% to an index reading of 110.9 in June, after a downwardly revised 5.8% rise to 111.3 in May, first reported as a 6.7% increase to 112.3, according to a report released Monday by the National Association of Realtors.

The Chicago Fed Midwest Manufacturing Index increased 0.4% in June to a seasonally adjusted level of 96.0, as all four regional sectors gained, the Federal Reserve Bank of Chicago reported Monday.

The Midwest Economy Index narrowed to negative 0.13 in June from a revised negative 0.16 in May, first reported as negative 0.18, the Federal Reserve Bank of Chicago reported Monday.

The University of Michigan's final July consumer sentiment index reading was 85.1, compared to the preliminary July 83.9, the final June 84.1 and the preliminary June 82.7, according to market sources.

The Treasury Department auctioned $29 billion of seven-year notes, with a 2% coupon, a 2.026% high yield, a price of 99.831111.