April 2009 - Fed and Economy Watch

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Weekly Initial Jobless Claims Ease, Continuing Claims Soar

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April 30 2009, 8:33 AM

Initial claims for unemployment benefits in the U.S. fell in the week of April 25, while continuing claims surged to a new all-time high, the U.S. Department of Labor reported. Initial claims fell to 631k, against expectations for a flat reading, and

Filed under: jobless claims

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Thursday's Events: U.S. PCE, Jobless Claims, ISM Chicago

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April 30 2009, 7:21 AM

The U.S. Personal Consumption and Expenditure report, ISM Chicago PMI, jobless claims and Canadian GDP data all figure prominently among the day's most anticipated economic events. At 8:30 a.m. EDT, Statistics Canada will release February GDP, which

Filed under: jobless claims, consumer spending

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Advance First Quarter GDP Plummets Beyond Expectations

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April 29 2009, 8:39 AM

U.S. advance GDP results were much worse than consensus forecasts in the first quarter, on the back of plummeting private investment and as trade levels continued to shrink. Advance GDP for the first quarter of 2009 contracted 6.1% against expectations

Filed under: gdp

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Banks Have Adequate Capital but Buffers Needed, Stress Test Paper Shows

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April 24 2009, 3:36 PM

U.S. banks are adequately capitalized but the Federal Reserve wants them to hold excess capital in case the economy deteriorates in the next two years, according to a paper addressing the design and implementation of the Fed's stress test. However

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Thursday's Events: U.S. Jobless Claims, Existing Home Sales

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April 23 2009, 8:26 AM

U.S. jobless claims and existing home sales top the main economic releases for the day. At 8:30 a.m. EDT, the U.S. Department of Labor will release initial and continuing jobless claims for the weeks ending April 18 and 11, respectively. Economists expect

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Fed's Hoenig Says Government Aid is Prolonging Cost and Length of Crisis

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April 21 2009, 9:43 AM

Government aid to financial institutions may raise the total cost of the crisis by not allowing insolvent firms to fail, according to Kansas City Fed President Thomas Hoenig. Testifying before the Joint Congressional Committee on Tuesday, Hoenig urged

Filed under: thomas hoenig

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Fed's Dudley Says TALF Program Experiencing "Slow Start"

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April 19 2009, 7:17 PM

Actions taken by the Federal Reserve are helping to stabilize financial markets but the bank's newest weapon, the term-Asset-backed Lending Facility , appears to be off to a "slow start", according to New York Fed President William Dudley

Filed under: talf, william dudley

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Monday's Events: Fed-Speak Highlight of the Day

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April 20 2009, 6:52 AM

In the absence of any major economic data from any of the G7 nations on Monday, it falls to speakers to fill the day's main economic events, with markets receiving comments from Chicago Fed President Charles Evans and Fed Chairman Ben Bernanke . At

Filed under: charles evans, ben bernanke

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Fed's Yellen Says Asset Price Targeting Should Be Reexamined

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April 16 2009, 8:14 PM

The recurring mantra that central banks should avoid getting involved with asset bubbles should be reexamined, according to San Francisco Fed President Janet Yellen , who added there needs to be policies to deal with the issues. "I think it's

Filed under: janet yellen

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Fed's Lockhart Says Large Firms Should not be Broken Up To Limit Systemic Risks

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April 16 2009, 12:52 PM

Breaking up large financial institutions as a means of reducing systemic risks is both "drastic" and "unfair", according to Atlanta Fed President Dennis Lockhart (voter) speaking in New York on Thursday. "I have concerns about

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Philly Fed Survey Recovers Beyond Expectations in April

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April 16 2009, 10:08 AM

A survey of manufacturing in the Philadelphia region recovered by much more than expected in April, indicating the pace of contraction in the region could be slowing down. The Philadelphia Federal Reserve Bank's manufacturing survey rose to -24.4

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Initial Jobless Claims Decline Markedly, Continuing Claims Rise to Record High

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April 16 2009, 8:34 AM

Initial claims for unemployment benefits in the U.S. fell back sharply in the week ending April 11, while continuing claims surged to a new all-time high, the U.S. Department of Labor reported. Initial claims fell to 610k following an upward revision

Filed under: jobless claims

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Headline CPI Falls Into Deflationary Territory for First Time Since 1955

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April 15 2009, 8:41 AM

Core consumer prices in the United States climbed above expectations in March, the U.S. Labor Department reported on Wednesday. Meanwhile, headline inflation fell into negative territory for the first time in over 50 years. The seasonally-adjusted core

Filed under: inflation, deflation

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Wednesday's Events: Barrage of U.S. Macroeconomic Data

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April 15 2009, 7:05 AM

A barrage of economic data from the U.S. are the day's most anticipated events, with markets expecting CPI, industrial production, the Empire Fed's manufacturing index, the NAHB housing market index, the Fed's Beige book and TIC data from

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ABC Consumer Confidence Falls One Point to -51

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April 14 2009, 5:11 PM

The weekly ABC News Consumer Confidence Index dropped one point to -51 in the week ending April 12. "Easing pessimism about the economy's direction hasn't done a thing for ratings of current conditions: They're their lowest in two months

Filed under: consumer confidence

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30 Yr FRM	4.83%	-0.08%
15 Yr FRM	4.32%	-0.04%
1 Yr ARM	4.35%	-0.11%
5/1 Yr ARM	4.25%	-0.04%
30 YR Tres	4.30%	0.01%
Fed Prime	3.25%	0.00%
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April 2009 - Fed and Economy Watch

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