Gary Siegel

New York City business activity contracted for the first time since 2009, as the current business conditions index declined to 47.8 in August from 57.2 in July, the Institute for Supply Management-New York’s Report on Business current business conditions index indicated.

If the Federal Open Market Committee followed the “rules” of economics, they would have tightened policy at their Aug. 9 meeting, according to Federal Reserve Bank of Minneapolis president Narayana Kocherlakota.

If the Federal Open Market Committee followed the “rules” of economics, they would have tightened policy at their August 9th meeting instead of easing policy, according to Federal Reserve Bank of Minneapolis President Narayana Kocherlakota.

The Treasury Department Wednesday sold $30 billion 14-day cash management bills, dated Sept. 1, due Sept. 15, at a 0.005% high tender rate.

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.005% high yield, a price of 99.999611.

The consumer confidence index sank to 44.5 in August from a downwardly revised 59.2 last month, The Conference Board reported Tuesday.

The Chicago Fed Midwest manufacturing index was up 0.5% in July at a seasonally adjusted level of 84.8, as three of the four regional sectors showed improvement, the Federal Reserve Bank of Chicago reported Monday.

Pending home sales declined 1.3% to a reading of 89.7 in July from a revised 90.9 in June, according to a report released Monday by the National Association of Realtors.

Texas factory activity, as measured by the production index, was nearly flat in August, according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas.

Tender rates for the Treasury Department’s latest 92-day and 182-day discount bills were unchanged, as the three-months incurred a 0.015% high rate, unchanged from 0.015% the prior week, and the six-months incurred a 0.045% high rate, unchanged from 0.045% the week before.

The Treasury Department said it will auction $30 billion 14-day cash management bills on Tuesday, August 30.

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

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

Pending home sales declined 1.3% to a reading of 89.7 in July from a revised 90.9 in June, according to a report released Monday by the National Association of Realtors.

The Chicago Fed Midwest Manufacturing Index was up 0.5% in July at a seasonally adjusted level of 84.8, as three of the four regional sectors showed improvement, the Federal Reserve Bank of Chicago reported Monday.

The Midwest Economy Index slid to positive 0.03 in July from positive 0.36 in June, according to the Federal Reserve Bank of Chicago, as the index approached its historical trend for the first time in 17 months.

The University of Michigan's August consumer sentiment index reading was 55.7, compared to the preliminary August 54.9, and the final July 63.7, according to market sources.

The University of Michigan's August consumer sentiment index reading was 55.7, compared to the preliminary August 54.9, and the final July 63.7, according to market sources.

The Treasury Department Thursday auctioned $29 billion of seven-year notes, with a 1 1/2% coupon, a 1.580% high yield and a price of 99.471828.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "continued to expand modestly, and producers remained generally positive about future months," according to the bank's monthly manufacturing survey, released Thursday.