posted 08-02-2000 06:23 PM         

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Home sales fell 3.7% in the United States in June, the government said Wednesday, a much bigger drop than Wall Street had expected. Blue-chip stocks rose after the report as investors bet the slowdown in housing might mean the Federal Reserve is through raising interest rates. Separately, the index of leading indicators, meant to forecast the economy's performance in coming months, was unchanged in June, about in line with economists' forecasts. (source: CNNfn) http://cnnfn.cnn.com/2000/08/02/economy/economy/

In brief:
- The Treasury Department announced today that it will be able to pay down $221 billion worth of the nation's publicly held national debt without further curtailing its scheduled auctions of new Treasury securities.

posted 08-01-2000 06:49 PM         

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Higher prices for energy and services ate up all the increase in household incomes in June, the Commerce Department said Tuesday. While disposable incomes were unchanged, real consumer spending adjusted for inflation rose 0.2% in June, the fourth straight month of moderation, the government said. (source: MarketWatch) http://www.marketwatch.comarchive20000801/news/current/econ.htx

In an interview with CNBC Monday, Goldman Sachs market strategist Abby Joseph Cohen said she still sees upside potential for stocks amid signs the economy is headed for a soft landing. (source: MSNBC) http://www.msnbc.com/news/439967.asp

posted 07-28-2000 05:16 PM         

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The remarkable U.S. economy, once again confounding the experts, grew at a robust annual rate of 5.2 percent in the spring, as a surge in investment by American businesses offset a slowdown in consumer spending. (source: Washington Post) http://washingtonpost.com/wp-dyn/articles/A60921-2000Jul28.html

Back to the drawing board. This economist says only one thing is for sure, this is no slowdown, and the Fed is back on the radar. (source: MarketWatch) http://www.marketwatch.com/archive/20000728/news/current/kellner.htx

posted 07-25-2000 06:39 PM         

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Strides in productivity have helped propel the U.S. economy to its longest expansion on record, and it is crucial to ensure that those advances continue to keep the economy growing at a sustained, non-inflationary pace, Federal Reserve Chairman Alan Greenspan said Tuesday. (source: CNNfn) http://cnnfn.cnn.com/2000/07/25/economy/greenspan/

n brief:
- U.S. consumer confidence rebounded in July as Americans' outlook about the prospects for finding jobs and overall economic prosperity brightened, while sales of existing homes surged in June to their highest level in almost a year, two private reports released Tuesday showed.

posted 07-20-2000 06:45 PM         

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The U.S. economy is beginning to exhibit signs of slowing, but it is too soon to conclude that the slowdown is enough to keep inflation from accelerating, Federal Reserve Chairman Alan Greenspan said Thursday. (source: CNNfn) http://cnnfn.cnn.com/2000/07/20/economy/greenspan/

In brief:
- Housing construction last month fell to its lowest level in more than two years, providing further evidence that the Federal Reserve's string of interest rate increases is beginning to slow the economy.

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