Gary Siegel

The federal budget needs to be "on a sustainable long-run trajectory" that allows policy actions to boost growth and create jobs without snuffing out the recovery, Federal Reserve Board vice chairwoman Janet Yellen told a group in San Francisco Tuesday.

Federal Reserve Bank of Atlanta president Dennis Lockhart views current monetary policy as appropriate and wants to keep all options open for the future, but he said that more asset purchases are not a "potent policy option" under the circumstances.

The consumer confidence index surged to 56.0 in November from an upwardly revised 40.9 last month, the Conference Board reported Tuesday.

Federal Reserve Bank of Atlanta President Dennis Lockhart views current monetary policy as appropriate and wants to keep all options open for the future, but he said that more asset purchases are not a “potent policy option” under the circumstances.

The federal budget needs to be “on a sustainable long-run trajectory” that allows policy actions to boost growth and create jobs without snuffing out the recovery, Federal Reserve Board Vice Chair Janet Yellen told a group in San Francisco Tuesday.

The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.020% high yield, a price of 99.998444.

The consumer confidence index surged to 56.0 in November from an upwardly revised 40.9 last month, The Conference Board reported Tuesday.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.030% high, up from 0.015% the previous week, and the six-months incurred a 0.070% high, up from 0.050% .

Texas factory activity declined in November, as measured by the sector’s production index, according to the monthly business activity survey of the Federal Reserve Bank of Dallas.

The Chicago Fed Midwest Manufacturing Index was up 0.7% in October to a seasonally adjusted level of 85.5, as three of the four regional sectors showed improvement, the Federal Reserve Bank of Chicago reported Monday.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.030% high rate, up from 0.015% the prior week, and the six-months incurred a 0.070% high rate, up from 0.050% the week before.

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

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

The Chicago Fed Midwest Manufacturing Index was up 0.7% in October to a seasonally adjusted level of 85.5, as three of the four regional sectors showed improvement, the Federal Reserve Bank of Chicago reported Monday.

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “eased slightly in November, but expectations for future months remained relatively solid,” according to the bank’s monthly manufacturing survey, released Wednesday.

The University of Michigan’s final November consumer sentiment index reading was 64.1, compared to the preliminary November 64.2, and the October 60.9, according to market sources.

The Treasury Department auctioned $29 billion of seven-year notes, with a 1 3/8% coupon, a 1.415% high yield, a price of 99.734313.

The Treasury Department said Thursday it will auction $29 billion 91-day bills and $27 billion 182-day discount bills Monday.

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “eased slightly in November, but expectations for future months remained relatively solid,” according to the bank’s monthly manufacturing survey, released Wednesday.

The University of Michigan's final November consumer sentiment index reading was 64.1, compared to the preliminary November 64.2, the final October 60.9, and the final September 59.4, according to market sources.