Gary Siegel

The U.S. services sector expanded at a quicker pace in February as the non-manufacturing business activity composite index was 57.3 in the month, compared to 56.8 in January, on a seasonally adjusted basis, the Institute for Supply Management reported Monday.

New York City business activity expanded in February at its fastest rate in 11 months, as the current business conditions index improved to 63.1 from a revised 60.1 in January, the Institute for Supply Management-New York’s Report on Business index reported.

New York City business activity expanded in February, at its fastest rate in eleven months, as the current business conditions index improved to 63.1 in February from a revised 60.1 in January, the Institute for Supply Management-New York’s Report on Business index indicated.

While “comfortable” with current monetary policy, Federal Reserve Bank of Cleveland president Sandra Pianalto said Thursday she would love to hike interest rates before late 2014 “on the basis of a brighter outlook for economic growth,” but the recent spike in oil prices may “complicate” inflation.

WASHINGTON — Construction spending was down 0.1% to a seasonally adjusted estimated annual rate of $827 billion in January, the Commerce Department reported Thursday.

The Treasury Department said Thursday it will auction $33 billion 91-day bills and $31 billion 182-day discount bills Monday.

The Treasury Department said it will auction $26 billion year bills on Tuesday, March 6.

While low interest rates have a negative impact on those depending on savings interest, accommodative monetary policy will eventually set the economy right, Federal Reserve Board Governor Sarah Bloom Raskin said Thursday.

The overall economy grew for the thirty-third straight time, while the manufacturing sector expanded for the thirty-first time, the Institute for Supply Management reported Thursday.

The Chicago Purchasing Managers’ Business Barometer gained to 64.0 in February from 60.2 in January, the National Association of Purchasing Management-Chicago said Wednesday.

The economy grew at “a modest to moderate pace” in January and February, according to the “beige book” reports of activity from the 12 Federal Reserve districts.

The United States can take a cue from Mexico in fiscal discipline matters, Federal Reserve Bank of Dallas president and chief executive Richard Fisher said Wednesday.

While the Fed has made “significant” progress in promoting transparency, it can go further, Federal Reserve Bank of Philadelphia president and chief executive Charles Plosser said Wednesday.

The economy grew at “a modest to moderate pace” in January and February, according to the Beige Book reports of activity from the twelve Federal Reserve Districts.

While the Federal Reserve has made “significant” progress in promoting transparency, it can go further, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Wednesday.

The seasonally adjusted Milwaukee Report on Business gained to 58.62 in February from 58.40 in January, according to the Institute for Supply Management-Milwaukee.

The United States can take a cue from Mexico in fiscal discipline matters, Federal Reserve Bank of Dallas President and CEO Richard W. Fisher said Wednesday.

The Chicago Purchasing Managers’ Business Barometer gained to 64.0 in February from 60.2 in January, the National Association of Purchasing Management-Chicago said Wednesday.

“Manufacturing activity in the central Atlantic region advanced for the third straight month,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond. The manufacturing index increased to 20 in February from 12 in January.

The consumer confidence index surged to 70.8 in February from an upwardly revised 61.5 last month, the Conference Board reported Tuesday.