Daily Archives: July 31, 2013

FOMC Policy Announcement

Fed Adds Little to QE3 Debate 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 near-zero fed funds … Continue reading

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2013Q2 GDP, July ADP Employment

Good News and Bad News: Current Data Better Than Expected but History Revised Down Real Gross Domestic Product increased at a better-than-expected 1.7 percent annualized rate in 2013Q2. Real Consumer Spending increased at a moderate 1.8 percent annual rate in … Continue reading

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Comerica Bank’s Florida Index Climbs in May

Comerica Bank’s Florida Economic Activity Index grew by 5.0 percentage points in May, to a level of 120.0. The May index reading is 39 points, or 49 percent, above the index cyclical low of 80.6. The index averaged 105 in … Continue reading

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