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THE ECONOMY.(TO THE POINT)
ECRI economic index falls again
The Economic Cycle Research Institute's activity index fell to 116.7, a 10-month low, in the week ended Sept. 21. It was 117.7 in the prior week. The index was depressed by most of the inputs: Corporate bond yields rose, risk spreads among yields widened to their highest in nearly 40 years, jobless claims rose, stock prices fell, mortgage applications for new purchases fell and the JOC-ECRI Industrial Price Index sagged to a 14-year low.
The ECRI index's only positive factor was money supply, which surged as the Fed added huge amounts of liquidity.
Saudi Arabia warns of output cut
Concerned about a $7-per-barrel nosedive since the Sept. 11 attacks, the world's No. 1 oil exporter says OPEC will likely cut output in the next few months. Oil prices fell on expectations that the attacks would spark a global recession, which would sharply eat into fuel demand.
November crude oil rose 69 cents to $23.42 a barrel as traders digested prospects of lower supply. Heating oil and gasoline prices also rebounded after some steep declines.
IMF: It's too soon to say whether
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...on Thursday, May 29, 2003 at 5:00 pm EDT. To date over 7,000 prospective participants...a testament to the global impact of the attacks and the world's unwavering commitment...2003 through June 30, 2003 at 5:00 PM EDT. All proposals will be evaluated by the...
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- Press release article from: PR Newswire May 27, 2003 700+ words
...on Thursday, May 29, 2003 at 5:00 pm EDT. To date over 7,000 prospective participants...a testament to the global impact of the attacks and the world's unwavering commitment...2003 through June 30, 2003 at 5:00 PM EDT. All proposals will be evaluated by the...
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