Gary Siegel

The Chicago Fed National Activity Index for April rebounded to positive 0.11 from a revised negative 0.44 reading in March, while the three-month moving average (CFNAI-MA3) declined to negative 0.06 in April from a revised positive 0.02 in March, the Federal Reserve Bank of Chicago reported Monday.

The region’s manufacturing sector contracted modestly in May, as the general business conditions index slipped to negative 5.8 from positive 8.5 in April, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.

The composite index of leading economic indicators slid 0.1% in April following an unrevised 0.3% gain in March, the Conference Board reported Thursday.

The Treasury Department sold $13 billion of inflation-indexed 9-year 8-month TIPs at a negative 0.391% yield, an adjusted price of 106.458589, with a 1/8% coupon.

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

The Treasury Department said it will auction $35 billion two-year notes on Tuesday, May 22, and $35 billion five-year notes on Wednesday, May 23.

The Treasury Department said it will auction $29 billion seven-year notes on Thursday, May 24.

The region's manufacturing sector contracted modestly in May, as the general business conditions index slipped to negative 5.8 from positive 8.5 in April, its first negative reading in eight months, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.

The composite index of Leading Economic Indicators slid 0.1% in April following an unrevised 0.3% gain in March, the Conference Board reported Thursday.

Industrial production gained 1.1% in April, while capacity use grew to 79.2%, the Federal Reserve reported Tuesday.

With monetary policy quite accommodative and the economy performing better than expected, the Federal Open Market Committee is “on pause,” but needs to be wary that it doesn’t spark inflation, Federal Reserve Bank of St. Louis president James Bullard said Wednesday.

The forward guidance of easy monetary policy through 2014 is “subject to revision” if “significant” improvement is seen in the economy, according to minutes of the most recent Federal Open Market Committee meeting, released Wednesday.

The forward guidance of easy monetary policy through 2014 is “subject to revision” should “significant” improvement is seen in the economy, according to minutes of the most recent Federal Open Market Committee meeting, released Wednesday.

With monetary policy quite accommodative and the economy performing better than expected since Fall, the Federal Open Market Committee is “on pause,” but needs to be wary that it doesn’t spark inflation, Federal Reserve Bank of St. Louis President James Bullard said Wednesday.

Industrial production was gained 1.1% in April, while capacity use increased to 79.2%, the Federal Reserve reported Tuesday.

Builders’ confidence in the market for new single-family homes declined as the National Association of Home Builders’ housing market index surged to 29 in April from 25 in April.

The Empire State Manufacturing Survey showed manufacturing activity “expanded” in New York State, the Federal Reserve Bank of New York said Tuesday, as the general business conditions index rose to 17.09 in May from 6.56 in April.

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

Builders’ confidence in the market for new single-family homes declined as the National Association of Home Builders' housing market index - a monthly gauge of builder sentiment – surged to 29 in April from 25 in April.

The Empire State Manufacturing Survey showed manufacturing activity “expanded” in New York State, the Federal Reserve Bank of New York reported Tuesday as the general business conditions index spiked to 17.09 in May from 6.56 in April.