- The Federal Reserve raised the benchmark federal funds rate to 5.25 percent from 5.00 percent on Thursday, the central bank's 17th consecutive interest rate hike since it began tightening monetary policy in June 2004
- The U.S. Department of Commerce said that U.S. GDP was up at the rate of 5.6% in the first quarter of 2006. YoY, GDP was up 3.7%. YoY the core rate of personal consumption expenditures was up 2.0%.
- The U.S. Labor Department said that jobless claims were up 4,000 last week to 313,000.
- The. DOE said that underground supplies of natural gas were up 66 billion cubic feet to 2.542 trillion cubic feet. Supplies are now up 20% from a year ago
- Canada's GDP was up 0.1% in April and 3.1% YoY
- Japan's industrial production was down 1% in May and up 4.2% YoY
- Taiwan's Central Bank raised interest rates from 2.375% to 2.50%.
- Japan plans to fight global warming and surging oil prices by requiring all vehicles to be able to run on an environment-friendly mix of ethanol and regular gasoline by 2030, an official said Thursday. "The main goal is to counter global warming," Sekiya said. "Adopting the new technology is not that difficult."
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