Gary Siegel

The Federal Reserve is keenly interested in the housing market and has been analyzing housing and mortgages, Federal Reserve Board Governor Elizabeth Duke will tell the Senate Tuesday morning.

Texas factory activity, as measured by the production index, continued to strengthen in February, according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas and released Monday.

Pending home sales climbed 2.0% to a reading of 97.0 in January after a revised 1.9% decrease to 95.1 in December, originally reported as a 3.5% decline to 96.6, according to a report released Monday by the National Association of Realtors.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.115% high rate, up from 0.085% the prior week, and the six-months incurred a 0.145% high rate, up from 0.125% the week before.

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

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

Pending home sales climbed 2.0% to an index reading of 97.0 in January after a revised 1.9% decrease to 95.1 in December, originally reported as a 3.5% decline to 96.6, according to a report released Monday by the National Association of Realtors.

The University of Michigan’s final February consumer sentiment index reading was 75.3, compared to the preliminary February 72.5 and the final January 75.0 reading, according to market sources.

The Federal Reserve’s ability to accomplish its dual mandate could be “undermined” by blurring the lines between monetary, fiscal, and credit policy, Federal Reserve Bank of Philadelphia president and chief executive Charles Plosser said Friday.

It makes sense to target “problem areas” of the economy rather than take across-the-board actions, Federal Reserve Bank of San Francisco president John Williams said Friday.

The Federal Reserve’s ability to accomplish its dual mandate could be “undermined” by blurring the lines between monetary, fiscal and credit policy, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Friday.

It’s “plausible” that individuals who were able to respond to low yields have done so, and further policy actions will not help those who have yet to respond, according to Federal Reserve Bank of St. Louis President and CEO James Bullard.

It makes sense to target “problem areas” of the economy rather than take across-the-board actions, Federal Reserve Bank of San Francisco President and CEO John C. Williams said Friday.

The University of Michigan's final February consumer sentiment index reading was 75.3, compared to the preliminary February 72.5, the final January 75.0, and the preliminary January 74.0 reading, according to market sources.

Claiming that the economy is doing better than the improving numbers suggest, Federal Reserve Bank of Dallas president Richard Fisher said talk of additional accommodation is “wishful thinking.”

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “increased further in February, and expectations also climbed higher,” according to the bank’s monthly manufacturing survey, released Thursday.

The Treasury Department auctioned $29 billion of seven-year notes, with a 1 3/8% coupon, a 1.418% high yield, a price of 99.714418.

The Treasury Department said it will auction $20 billion 49-day cash management bills on Tuesday, Feb. 28.

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

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “increased further in February, and expectations also climbed higher,” according to the bank’s monthly manufacturing survey, released Thursday.