Sep 22 2014
Industrial production slipped 0.1% in August. The producer price index for final demand remained unchanged in August. The consumer price index fell a lower-than-expected 0.2% in August. The FOMC announced that policy rates remain unchanged from the target level of 0 to 0.25%; purchases of agency-backed securities would decreased to $5 billion and Treasury security purchases would slow to $10 billion per month in October. Housing starts slowed 14.4% to an annualized pace of 956,000 units in August. Building permits slowed 5.6% to an annualized pace of 998,000 units in August. Initial jobless claims fell 36,000 to 280,000 for the week ended 9/13, the 2nd lowest level of the recovery.