Wednesday, August 15, 2007

Quick Overview

  • St. Louis Fed President William Poole said financial market disruptions had not yet hit the U.S. economy and the central bank should not act before its meeting on Sept. 18, Bloomberg television said.

  • The U.S. Treasury Department said that foreign net capital inflow totaled $58.8 billion in June, down from $107.3 billion in May.

  • The Federal Reserve said that U.S. industrial production rose 0.3% in July.

  • The New York Federal Reserve's regional index of manufacturing fell from 26.46 to 25.06.

  • U.K.'s Unemployment rate improved from 5.6% to 5.4%.

  • The U.S. Department of Energy said that:
    Supplies of crude oil fell 5.2 million barrels to 335.2 million barrels,
    Supplies of gasoline fell 1.1 million barrels
    Supplies of heating oil rose 900,000 barrels.
    Gasoline demand rose 0.4% YoY
    Distillate demand rose 2.5% YoY.

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