Gary Siegel

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

The Chicago Fed National Activity Index for July improved to negative 0.06 from a revised negative 0.38 reading in June, while the three-month moving average (CFNAI-MA3) narrowed to negative 0.29 in July, from June’s revised negative 0.54, the Federal Reserve Bank of Chicago reported Monday.

The Federal Open Market Committee was justified in taking the “unprecedented step” of saying it will hold rates down for another two years, according to Federal Reserve Bank of Cleveland president Sandra Pianalto.

The Federal Open Market Committee was justified in taking the “unprecedented step” of saying it will hold rates down for another two years, according to Federal Reserve Bank of Cleveland President Sandra Pianalto.

The Third District’s manufacturing sector “dipped significantly” in August, as the general business conditions index slumped to negative 30.7 from positive 3.2 in July, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates. Economists had predicted a reading of positive 4.0 for the index.

The composite index of leading economic indicators grew 0.5% in July, the Conference Board reported Thursday.

The Treasury Department today auctioned $12 billion of four-year eight-month inflation-indexed notes with a 0.125% coupon, a negative 0.825% high yield, an adjusted price of 106.852530.

The Treasury Department said it will auction $25 billion year bills on Tuesday, August 23.

The Treasury Department said it will auction $29 billion seven-year notes on Thursday, August 25.

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

The Treasury Department said it will auction $35 billion two-year notes on Tuesday, August 23, and $35 billion five-year notes on Wednesday, August 24.

The region's manufacturing sector “dipped significantly” in August, as the general business conditions index slumped to negative 30.7 from positive 3.2 in July, this month’s Federal Reserve Bank of Philadelphia Report on Business indicates.

Existing home sales fell 3.5% in July to a seasonally-adjusted 4.67 million, the lowest level since November, the National Association of Realtors reported Thursday.

The composite index of Leading Economic Indicators grew 0.5% in July, the Conference Board reported Thursday.

Calling the Federal Open Market Committee’s decision “inappropriate policy at an inappropriate time,” and its statement on the economy “excessively negative,” Federal Reserve Bank of Philadelphia president Charles Plosser said he would have liked to wait until September and examine more data before making such a move.

The economy’s ills are not the result of a lack of liquidity or the need to ease monetary policy, and that’s the reason Federal Reserve Bank of Dallas president Richard Fisher gave for casting a dissenting vote at the recent Federal Open Market Committee meeting.

The economy’s ills are not the result of lack of liquidity or the need to ease monetary policy, and that’s the reason Federal Reserve Bank of Dallas President and CEO Richard W. Fisher gave for casting a dissenting vote at the recent Federal Open Market Committee meeting.

The Treasury Department Wednesday sold $20 billion 12-day cash management bills, dated Aug. 19, due Aug. 31, at a 0.015% high tender rate.

Calling the Federal Open Market Committee’s decision “inappropriate policy at an inappropriate time," and its statement on the economy “excessively negative,” Federal Reserve Bank of Philadelphia President Charles I. Plosser said he would have liked to wait until September and watch data before making such a decision.

The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.010% high yield, a price of 99.999222.