Economic Reports 09/20 & 09/21/06
In our top story tonight, the leader of al-Qaida in Iraq, Abu Musab al-Zarqawi, is STILL dead and someone else has taken his place.
EIA Inventories: Crude -2.8M barrels; Gasoline +600Kb; Distillate +4.1Mb; Propane +1.626Mb. Crude dropped under $61 on the news. Full Report
FOMC Policy: Status quo 5.25% and subject to further review based on incoming data.
Initial Claims: +7K @ 318,000, continuing claims -29K to 2.46M.
Leading Indicators: -0.2% Full Report
2nd straight decline and 4th out of 5. Over the past six months, the index has fallen 0.6%.
Sept Philly Fed: -0.4 from 18.5.
Inside the number: 1st decline since April 03 & largest since Jan 01. New orders -1.3 from 15.7. Shipments index -6.8 from 22.3.
Prices paid DOWN to 38.1 from 45.3, but prices received UP to 21.6 from 17.1. Index for future activity fell to its lowest level in six years. The dollar fell to a two week low on the news.
EIA Inventories: Crude -2.8M barrels; Gasoline +600Kb; Distillate +4.1Mb; Propane +1.626Mb. Crude dropped under $61 on the news. Full Report
FOMC Policy: Status quo 5.25% and subject to further review based on incoming data.
Initial Claims: +7K @ 318,000, continuing claims -29K to 2.46M.
Leading Indicators: -0.2% Full Report
2nd straight decline and 4th out of 5. Over the past six months, the index has fallen 0.6%.
Sept Philly Fed: -0.4 from 18.5.
Inside the number: 1st decline since April 03 & largest since Jan 01. New orders -1.3 from 15.7. Shipments index -6.8 from 22.3.
Prices paid DOWN to 38.1 from 45.3, but prices received UP to 21.6 from 17.1. Index for future activity fell to its lowest level in six years. The dollar fell to a two week low on the news.
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