Gary Siegel

The Empire State Manufacturing Survey general business conditions index slipped to 19.11 in the month from 31.86 in April, the Federal Reserve Bank of New York reported yesterday.

NEW YORK - Builders’ confidence in the market for new single-family homes surged in May, as the National Association of Home Builders' housing market index - a monthly gauge of builder sentiment – climbed to 22 from April’s 19, the group announced this afternoon.

NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.160% high rate, up from 0.155% the prior week, and the six-months incurred a 0.230% high rate, unchanged from 0.230% the week before.

NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, May 19.

NEW YORK - The Treasury Department said it will sell $31 billion of four-week discount bills tomorrow.

NEW YORK - The Empire State Manufacturing Survey showed conditions for New York State manufacturers declined May, the Federal Reserve Bank of New York today reported, as the general business conditions index slipped to 19.11 in the month from 31.86 in April, the Fed reported.

Real gross domestic product should grow at a 3.3% annualized rate over the next half year, up from 2.7% in an earlier survey, according to the Federal Reserve Bank of Philadelphia’s survey of professional forecasters, released Friday.

The University of Michigan’s final April consumer sentiment index reading was 73.3, compared to the final April 72.2, according to market sources.

NEW YORK – Real gross domestic product should grow at a 3.3% annualized rate over the next half year, according to the Federal Reserve Bank of Philadelphia’s survey of professional forecasters.

NEW YORK - The University of Michigan's final April consumer sentiment index reading was 73.3, compared to the final April 72.2 and March’s 73.6, according to market sources.

The Fed is carefully preparing its plan for removing the unprecedented economic stimulus at the appropriate time, Federal Reserve vice chairman Donald L. Kohn said yesterday.

Uncertainty from several fronts will push down gross domestic product growth and prevent a V-shaped recovery, Federal Reserve Bank of Minneapolis president Narayana Kocherlakota said yesterday.

NEW YORK - The Treasury Department today auctioned $16 billion of 30-year bonds with a 4 3/8% coupon at a 4.490% high yield, a price of 98.114367.

NEW YORK – Uncertainty from several fronts will push down GDP growth and prevent a V-shaped recovery, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said today.

NEW YORK - The Treasury Department said today it will auction $26 billion 91-day bills and $26 billion 182-day discount bills Monday.

NEW YORK – The Fed is carefully preparing its plan for removing the unprecedented economic stimulus at the appropriate time, Federal Reserve Vice Chairman Donald L. Kohn said today.

The U.S. economy is recovering and monetary policy remains accommodative, but the crisis in Greece needs to be watched because it is already causing volatility in world markets, Federal Reserve Bank of St. Louis president James Bullard said yesterday.

NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated May 13, due July 8, at a 0.150% high tender rate.

With public sentiment expecting higher inflation, the Fed must not wait “too long” to raise the federal funds rate target, Federal Reserve Bank of Richmond President Jeffrey Lacker said yesterday.

NEW YORK – With the public sentiment expecting inflation to rise, the Fed mus not wait “too long” to raise the Fed funds rate target, Federal Reserve Bank of Richmond President Jeffrey M. Lacker said today.