Daily Archives: May 1, 2013

FOMC Policy Announcement

FOMC Stays the Course, QE3 Sails On, Other News Mixed QE3 will continue as originally defined with a total of $85 billion of asset purchases per month. The FOMC is prepared to change the pace of purchases as conditions change. … Continue reading

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Michigan Index Gains in February

Comerica Bank’s Michigan Economic Activity Index increased in February, up 0.1 points to a level of 117.8. Continue reading

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March Income and Spending

Income and spending data for March show modest gains after adjusting for inflation. But for the first quarter as a whole, real disposable personal income (after inflation and taxes) showed the biggest quarterly drop since the Great Recession. Continue reading

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Comerica Economic Weekly

April showers have been raining on U.S. economic data; it looks a bit soggy as we close out the month. GDP increased at a weaker-than-expected 2.5 percent annualized rate in the first quarter as weather played an outsized role. Colder … Continue reading

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California Index Up in February

Comerica Bank’s California Economic Activity Index climbed in February, gaining 3.3 points to a level of 104.1. February’s reading is 31 points, or 43 percent, above the index cyclical low of 72.7. The index averaged a revised 101 points for … Continue reading

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Texas Index Dips in February

Comerica Bank’s Texas Economic Activity Index fell slightly in February, declining 0.2 percentage points to a level of 105.5. The February reading is 34 points, or 48 percent, above the index cyclical low of 71.5. The index averaged 102 points … Continue reading

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