Gary Siegel

The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.

Economic growth projections were scaled back and the unemployment rates were ticked up in the latest survey of professional forecasters, released by the Federal Reserve Bank of Philadelphia Friday morning.

The U.S. services sector expanded at a slightly quicker pace in July as the non-manufacturing business activity composite index was 52.6 in the month, compared to 52.1 in June, on a seasonally adjusted basis, the Institute for Supply Management reported Friday.

U.S. inflationary pressures were slightly higher in July, as the U.S. future inflation gauge climbed to 100.9 from a downwardly revised 100.7 in June, originally reported as 101.2, according to data released Friday morning by the Economic Cycle Research Institute.

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

New York City business activity expanded in July as the current business conditions index grew to 55.2 in July from 49.7 in June, the Institute for Supply Management-New York's Report on Business index, released Thursday, indicated.

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

The Fed's monetary policy was not changed at the Federal Open Market Committee meeting although the panel noted "economic activity decelerated somewhat" in the first half of 2012, according to the policy statement released after the meeting Wednesday.

About 4,793,500 online job postings appeared on leading Internet job boards in July, a decrease of 153,600 from June, the Conference Board reported Wednesday.

The overall economy grew for the thirty-eighth straight time, while the manufacturing sector contracted for the second consecutive month, the Institute for Supply Management reported Wednesday.

Construction spending climbed 0.4% to a seasonally adjusted estimated annual rate of $842.1 billion in May, the Commerce Department reported Wednesday.

The Treasury Department said it would sell $72 billion in its quarterly refunding to raise $17.8 billion in new cash.

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.075% high yield, a price of 99.994167.

The consumer confidence index gained to 65.9 in July from an upwardly revised 62.7 last month, The Conference Board reported Tuesday.

The Chicago Purchasing Managers' Business Barometer rose to 53.7 in July from 52.9 in June, the National Association of Purchasing Management-Chicago said Tuesday.

The seasonally adjusted Milwaukee Report on Business slumped to 46.73 in July from 60.22 in June, according to the Institute for Supply Management-Milwaukee.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.110% high rate, up from 0.095% the prior week, and the six-months incurred a 0.145% high rate, up from 0.140% the week before.

The Treasury Department said Monday it will sell $35 billion of four-week discount bills Tuesday.

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

The Chicago Fed Midwest Manufacturing Index rose 1.1% in June to a seasonally adjusted level of 94.1, as all four regional sectors gained, the Federal Reserve Bank of Chicago reported Monday.