Gary Siegel

Calling the Federal Open Market Committee’s setting of 2014 as the time for a possible change in rates “an unwarranted pessimistic signal,” Federal Reserve Bank of St. Louis President James Bullard warned that conditions could still be “exceptionally poor” then.

Given current circumstances, very accommodative monetary policy is “essential,” Federal Reserve Bank of San Francisco president and chief executive John C. Williams said Wednesday.

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

The U.S. services sector expanded at a slower pace in March as the non-manufacturing business activity composite index was 56.0 in the month, compared to 57.3 in February, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.

Given current circumstances, very accommodative monetary policy is “essential,” Federal Reserve Bank of San Francisco President and CEO John C. Williams repeated Wednesday.

The U.S. services sector expanded at a slower pace in March as the non-manufacturing business activity composite index was 56.0 in the month, compared to 57.3 in February, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.

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

New York City business activity expanded at its fastest rate in 13 months as the current business conditions index improved to 67.4 in March from 63.1 in February, acccording to the Institute for Supply Management-New York’s Report on Business index released Tuesday.

The Federal Open Market Committee discussed ways to better communicate its policy decisions, deciding to wait to see if the changes already made help, according to the minutes of its latest meeting, which were released Tuesday.

Given current circumstances, very accommodative monetary policy is “essential,” Federal Reserve Bank of San Francisco President and CEO John C. Williams said Tuesday.

The Federal Open Market Committee discussed ways to better communicate its policy decisions, deciding to wait to see if the changes already made help, according to the minutes of its latest meeting, which were released Tuesday.

The Treasury Department Tuesday auctioned $26 billion of 364-day bills at a 0.185% high yield, a price of 99.812944.

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.055% high yield, a price of 99.995722.

New York City business activity expanded at its fastest rate in thirteen months as the current business conditions index improved to 67.4 in March from 63.1 in February, the Institute for Supply Management-New York’s Report on Business index, released Tuesday, indicated.

The economy is improving “gradually” and despite uncertainty, there is evidence the recovery is becoming “self-sustaining,” Federal Reserve Bank of Cleveland president Sandra Pianalto said Monday.

About 4,669,600 online job postings appeared on leading Internet job boards in March, up 246,300 from February, the Conference Board reported Monday.

The overall economy grew for the 34th straight time, while the manufacturing sector expanded for the 32d time, the Institute for Supply Management reported Monday.

The economy is improving “gradually” and despite uncertainty, there is evidence the recovery is becoming “self-sustaining,” Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto said Monday.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.075% high rate, down from 0.095% the prior week, and the six-months incurred a 0.140% high rate, off from 0.150% the week before.

The Treasury Department said Monday it will sell $30 billion of four-week discount bills Tuesday.