Gary Siegel

Jerome H. Powell on Friday took the oath of office as a member of the Board of Governors of the Federal Reserve, according to the Fed.

The University of Michigan's final May consumer sentiment index reading was 79.3, compared to the preliminary May 77.8, the final April 76.4, and the preliminary April 75.8, market sources said.

The University of Michigan's final May consumer sentiment index reading was 79.3, compared to the preliminary May 77.8, the final April 76.4, and the preliminary April 75.8, according to market sources.

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “rebounded, and producers were more optimistic than in previous months,” according to the bank’s monthly manufacturing survey for May, released Thursday.

The federal funds rate target will “remain exceptionally low — that is, at the current level — at least through late 2014,” Federal Reserve Bank of New York president William Dudley said Thursday.

The Treasury Department auctioned $29 billion of seven-year notes, with a 1 1/8% coupon, a 1.203% high yield, a price of 99.477861.

While rules can be attractive when setting monetary policy, they cannot replace analysis, Federal reserve bank of New York President William Dudley said Thursday.

The Treasury Department said Thursday it will auction $30 billion 91-day bills and $27 billion 182-day discount bills Tuesday.

The Treasury Department said it will auction $25 billion year bills on Wednesday, May 30.

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “rebounded, and producers were more optimistic than in previous months,” according to the bank’s monthly manufacturing survey for May, released Thursday.

The Treasury Department Wednesday auctioned $35 billion of five-year notes with a 5/8% coupon, a 0.748% high yield and a price of 99.397464.

The Federal Open Market Committee should stress the uncertainty of future economic paths and describe how policy will react in possible situations, Federal Reserve Bank of Minneapolis president Narayana Kocherlakota said Wednesday.

The Federal Open Market Committee should stress the uncertainty of future economic paths and describe how policy will react in possible situations, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Wednesday.

The Treasury Department auctioned $35 billion of five-year notes, with a 5/8% coupon, a 0.748% high yield, a price of 99.397464.

The Treasury Department Tuesday auctioned $35 billion of two-year notes with a 1/4% coupon at a 0.300% yield, a price of 99.900374.

Service-sector activity “remained generally soft in May, although employment picked up,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

“Manufacturing activity in the central Atlantic region expanded in May for the sixth consecutive month but at a more moderate pace than a month ago,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond.

The Treasury Department Tuesday auctioned $35 billion of two-year notes with a 1/4% coupon at a 0.300% yield, a price of 99.900374.

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.065% high yield, a price of 99.994944.

Service sector activity “remained generally soft in May, although employment picked up,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.