Gary Siegel

Federal Reserve Bank of San Francisco President John C. Williams has been selected to become president and chief executive officer of the Federal Reserve Bank of New York.

The federal funds rate is near neutral and the Federal Open Market Committee doesn’t need to raise rates much more, according to Federal Reserve Bank of Minneapolis President Neel Kashkari.

The New York economy continues to expand at a slower pace, while prices continued creeping higher.

The overall economy grew for the 107th straight time, the Institute for Supply Management reported Monday.

Pending home sales gained 3.1% to an index reading of 107.5 in February, from a downwardly revised 5.0% decline to 104.3 in January.

Texas service sector activity “activity picked up in March,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index increased to 19.3 from 13.2.

The consumer confidence index decreased to 127.7 in March from a revised 130.0 last month, The Conference Board reported Tuesday.

Service sector companies “expanded moderately in March,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing growth in the central Atlantic region was “expanded at a slower pace in March.”

Home prices rose 6.2% on an annual basis in January, not seasonally adjusted, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, released Tuesday.

Texas factory activity, as measured by the production index, “continued to expand in March, albeit at a markedly slower pace than last month.”

The Chicago Fed National Activity Index for February increased to 0.88 from a downwardly revised 0.02 in January.

Respondents to the Federal Reserve Bank of Kansas City's monthly manufacturing survey reported high input and selling prices, suggesting growing inflation.

The composite of the Leading Economic Index was up 0.6% in February following a downwardly revised 0.8% increase in January, the Conference Board said Thursday.

Initial jobless claims rose 3,000 to 229,000 in the week ended March 17, the Labor Department said Thursday.

In his first press conference as chair following a Federal Open Market Committee Jerome Powell stressed that “one decision” was made at the meeting: raising rates 25 basis points to a 1.5% to 1.75% target range.

The Federal Open Market Committee raised the federal funds rate target to a 1.50% to 1.75% range, as expected, while the Summary of Economic Projections still calls for three hikes this year.

Existing home sales rose in February as sales gain in the West and South offset decreases in the Northeast and Midwest.

The U.S. current account deficit rose to $128.2 billion in the fourth quarter of 2017.

The indexes for prices paid and prices received rose in March.