Daily Archives: June 19, 2013

FOMC Policy Announcement

No Taper in June, Language a Little More Positive  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. The … Continue reading

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Comerica Bank’s Michigan Index Up Again in April

Comerica Bank’s Michigan Economic Activity Index increased in April, up 1.3 points to a level of 122.4. The April index reading is 50 points, or 70 percent, above the index cyclical low of 72.1. The index averaged 114 for all … Continue reading

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Comerica Bank’s California Index Steps Up

Comerica Bank’s California Economic Activity Index climbed in April, gaining 2.2 points to a level of 106.6.  April’s reading is 34 points, or 47 percent, above the index cyclical low of 72.6. The index averaged 101 points for all of … Continue reading

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