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Economic Update for the Week of April 14, 2008 - 04/14/08 10:12 AM
The Economic Report
Flagstar Bank
April 14, 2008
Highlights from the past week:
The week started with a Federal Reserve report detailing a lower than expected increase in February consumer borrowing. Overall consumer credit increased 2.44 percent. At mid-week, the latest FOMC meeting minutes were released. The minutes revealed what most of the economic world expected - further credit restrictions and continued housing weakness straining the economy. Next the Commerce Department reported that U.S. wholesale inventories increased more than expected in February by 1.1 percent. This was accompanied by a 0.8 percent decrease in wholesale sales. The Labor Department released data about jobless claims … (0 comments)
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Economic report for the week of April 14, 2008 - 04/11/08 07:45 PM
The Economic Report
Flagstar Bank
April 14, 2008
Highlights from the past week:
The week started with a Federal Reserve report detailing a lower than expected increase in February consumer borrowing. Overall consumer credit increased 2.44 percent. At mid-week, the latest FOMC meeting minutes were released. The minutes revealed what most of the economic world expected - further credit restrictions and continued housing weakness straining the economy. Next the Commerce Department reported that U.S. wholesale inventories increased more than expected in February by 1.1 percent. This was accompanied by a 0.8 percent decrease in wholesale sales. The Labor Department released data about jobless claims … (0 comments)
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Jeff Mccool
Overland Park,
KS
More about me…
Bank of the West
Address: 9400 Antioch, Overland Park, KS, 66212
Office Phone: (913) 945-2502
Cell Phone: (913) 558-6469
Email Me
Get weekly updates on the economic outlook for the mortgage and real estate industries on a national basis.
For more information please call me at 913-558-6469 or visit me online at www.JeffMcCool.com
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