Gary Siegel

New York City business activity surged in September, the first time the index has shown expansion for two straight months since the recession began in December 2007, according to the National Association of Purchasing Management-New York’s Report on Business.

The Chicago Purchasing Managers’ Business Barometer fell to 46.1 in September from 50.0 in August, the National Association of Purchasing Management-Chicago said yesterday.

Resource use that is “quite low,” subdued inflation, and credit restraints that will likely “constrain the speed of recovery” combine to make it likely the Fed will keep rates low for “an extended period,” Federal Reserve Board vice chairman Donald L. Kohn told the Cato Institute’s Shadow Open Market Committee yesterday.

NEW YORK – Resource use that’s “quite low,” subdued inflation and credit restraints that will likely “constrain the speed of recovery,” combine to make it likely the Fed will keep rates low for “an extended period,” Federal Reserve Board Vice Chairman Donald L. Kohn told the Cato Institute's Shadow Open Market Committee today.

NEW YORK - The Chicago Fed Midwest Manufacturing Index slipped 0.3% in August to a seasonally adjusted level of 80.1 after the July report showed a revised 3.1% increase to 80.4 originally reported as a 2.6% rise to 79.7, the Federal Reserve Bank of Chicago reported today.

NEW YORK – The seasonally adjusted Milwaukee Index increased to 58 in September from an upwardly revised 56 in August, according to the Institute for Supply Management-Milwaukee.

NEW YORK - The Chicago Purchasing Managers’ Business Barometer fell to 46.1 in September from 50.0 in August, the National Association of Purchasing Management-Chicago said today.

NEW YORK – New York City business activity surged in September, the first time the index has shown expansion for two straight months since the recession began in December 2007, according to the National Association of Purchasing Management-New York’s Report on Business.

The Treasury Department yesterday auctioned $22 billion of four-week bills at a 0.040% high yield, a price of 99.996889.

The consumer confidence index slipped to 53.1 in September from an upwardly revised 54.5 last month, the Conference Board reported yesterday.

When the time to raise interest rate comes, the Fed could act quickly and intensely, if needed, Federal Reserve Bank of Dallas president Richard Fisher said yesterday.

NEW YORK - The Treasury Department today auctioned $22 billion of four-week bills at a 0.040% high yield, a price of 99.996889.

NEW YORK – When the time to raise interest rate comes, the Fed could act quickly and intensely, if needed, Federal Reserve Bank of Dallas President Richard Fisher said today.

NEW YORK - The consumer confidence index slipped to 53.1 in September from an upwardly revised 54.5 last month, The Conference Board reported this morning.

The University of Michigan’s final September consumer sentiment index reading was 73.5, up from the preliminary September reading of 70.2 and the August 65.7 reading, according to market sources.

The Federal Reserve should raise rates before it becomes obvious that a rate hike is needed, Fed governor Kevin Warsh said Friday.

NEW YORK – The Federal Reserve should raise rates before it becomes obvious that a rate hike is needed, Federal Reserve Board Governor Kevin Warsh said today.

NEW YORK - The University of Michigan's final September consumer sentiment index reading was 73.5, compared to the preliminary September reading of 70.2, the August 65.7, mid-August’s 63.2, and the final July 66.0, according to market sources.

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “rebounded in September as firms’ orders picked up slightly, and expectations mostly held steady with last month’s positive outlook,” according to the bank’s monthly manufacturing survey released yesterday.

Existing home sales decreased 2.7% in August to a seasonally adjusted 5.10 million-unit rate, the National Association of Realtors announced yesterday.