Gary Siegel

The Treasury Department said it will auction $13 billion 29-year, 11-month notes on Wednesday, Dec. 14.

Forecasts for real GDP growth in the last half of 2011 were cut to 2.5% from the 3.2% expected six months ago, while projections for the first half of 2012 were slashed to 2.1% growth from the 3.0% expected six months ago, according to the Livingston Survey, released by the Federal Reserve Bank of Philadelphia Thursday.

The European Central Bank announced its Governing Council cut interest rates 25 basis points at its latest monetary policy meeting Thursday.

Consumer credit increased by $7.7 billion, or 3.7%, in October to $2.457.5 trillion, the Federal Reserve reported Wednesday.

Consumer credit increased by $7.7 billion, or 3.7%, in October to $2.457.5 trillion, the Federal Reserve reported Wednesday.

The Treasury Department today auctioned $35 billion of four-week bills at a zero high yield, a price of par.

The economy should continue to recover in 2012, according to the Institute for Supply Management’s semiannual economic forecast.

Implementing Dodd-Frank is “a formidable task” and despite all that has been done, “there is still considerable work to do,” Federal Reserve Board governor Daniel K. Tarullo testified to Congress Tuesday.

Newly issued Treasury securities held in stripped form decreased about $644 million in November to a total of $196.524 billion, the Bureau of the Public Debt reported Friday.

The Treasury Department today auctioned $35 billion of four-week bills at a zero high yield, a price of par.

Implementing Dodd-Frank is “a formidable task” and despite all the work that’s been done, “there is still considerable work to do,” Federal Reserve Board Governor Daniel K. Tarullo testified to Congress Tuesday.

The Conference Board’s employment trends index grew to 103.70 in November from an upwardly revised 102.42 in October, originally reported as 101.92, and is up 6.4% from a year ago, the group announced Monday.

The U.S. services sector expanded at a slower pace in November as the non-manufacturing business activity composite index was 52.0 in the month, compared to 52.9 in October, on a seasonally adjusted basis, the Institute for Supply Management reported Monday.

The Federal Reserve can’t afford to be “excessively complacent” when the economy is sluggish, Federal Reserve Bank of Chicago president and chief executive officer Charles L. Evans said Monday.

The Federal Reserve can’t afford to be “excessively complacent” when the economy remains stuck in neutral, Federal Reserve Bank of Chicago President and Chief Executive Officer Charles L. Evans 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 0.005% high rate, off from 0.030% the prior week, and the six-months incurred a 0.050% high rate, down from 0.070% the week before.

The Treasury Department said Monday it will sell $35 billion of four-week discount bills Tuesday.

The U.S. services sector expanded at a slower pace in November as the non-manufacturing business activity composite index was 52.0 in the month, compared to 52.9 in October, on a seasonally adjusted basis, the Institute for Supply Management reported Monday.

The Conference Board’s Employment Trends Index (ETI) grew to 103.70 in November from an upwardly revised 102.42 in October, originally reported as 101.92, and is up 6.4% from a year ago, the group announced Monday.

Gross domestic product growth will be below its historical average, rising 1.6% this year and 2.0%, while inflation, measured by the consumer price index, is seen dropping from 3.8% this year to 2.4% next year, according to a consensus economic outlook from the Federal Reserve Bank of Chicago’s Economic Outlook Symposium.