Daily Archives: April 25, 2012

FOMC Policy Announcement, March Durable Goods, April Mortgage Apps

FOMC Holds Its Course, Expectations Still Elevated for June Meeting  According to today’s FOMC policy announcement, Fed policy will remain unchanged from March 13. The FOMC remains committed to a zero interest rate policy through late-2014. According to the FOMC, … Continue reading

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Posted in Daily, General, United States | Comments Off

Arizona Economy Accelerates in February

Comerica Bank’s Arizona Economic Activity Index rose three points in February, to a level of 84. February’s reading is 13 points, or 18 percent, above the index cyclical low of 71.  Year-to-date the index has averaged 83 points, four points … Continue reading

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Posted in Arizona, Economic Activity, Indices | Comments Off

Phoenix Rises from the Ashes

Phoenix’s unemployment has been gradually drifting lower over the past quarter, down to 7.7 percent as of February. This puts the area’s unemployment rate slightly below the national rate of 8.1 percent as of March.  Payrolls in Phoenix have also … Continue reading

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Posted in Phoenix, Quarterly Briefs | Comments Off