Gary Siegel

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.

NEW YORK - The Treasury Department today auctioned $38 billion of three-year notes with a 1 3/8% coupon at a 1.414% yield, a price of 99.885991.

NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.150% high yield, a price of 99.988333.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 0.155% high rate, down from 0.165% the week before, and the six-months incurred a 0.230% high rate, down from 0.245%.

The Conference Board’s employment trends index rose 0.9% to 94.7 in April, from a revised 93.9 in March, and is up 7.1% from a year ago, the group announced yesterday. The March reading was initially reported as 94.4.

Financial crises and bailouts are inevitable and legislators should focus on containing them rather than trying to prevent them completely, Federal Reserve Bank of Minneapolis president Narayana Kocherlakota said yesterday.

NEW YORK – Like death and taxes, crises and bailouts are inevitable, and regulatory reform will not change that, so legislation should instead focus on limiting their magnitude by taxes on financial institutions, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said today.