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THE ECONOMY.(TO THE POINT)
Fixed mortgage rates fall again
The average interest rate on a 30-year fixed-term mortgage slid to 6.21% this week from 6.25% last week. The year's low was 5.38% in mid-March. The average 15-year mortgage rate sank to 5.62% from 5.64% the prior week. But the 1-year adjustable rate climbed 6 basis points to 4.19%. It was under 3.5% a year ago.
** M2 money supply fell $4.9 bil to $6.2828 tril in the week ended June 21. M1 rose $12.8 bil to $1.3328 tril and M3 shrank $10.4 bil to $9.2498 tril.
ECB again leaves rates untouched
The European Central Bank left its benchmark interest rate at 2%. ECB President Jean-Claude Trichet said though the ECB has no bias about future rate moves, it will remain "vigilant" about inflation risks. Euro zone inflation eased to 2.4% in June from 2.5% in May. That's still above the ECB's 2% ceiling. Trichet also said the ECB wasn't influenced by the Fed's decision to raise U.S. rates Wednesday.
Construction outlays still rising
Spending on construction rose a seasonally adjusted 0.3% in ...
- Commerce Dept. wants to reduce standards...
- Magazine article from: Supply House Times Olsztynski, Jim July 1, 2004 700+ words
...access to foreign markets, explains the Commerce Dept. in a report titled "Standards and...Results." The report assesses the Commerce Dept.'s activities to reduce standards...regulation as important trade issues. The Commerce Dept. initiative received enthusiastic...
- New secretary in Commerce Dept. to focus on China trade practices.(Washington...
- Magazine article from: Modern Casting October 1, 2003 700+ words
...assistant secretary position is being created in the U.S. Commerce Dept. designed to "focus on the needs of manufacturers, to...administration officials. The China office will report to me new Commerce Dept. assistant secretary for manufacturing and services. Bush...
- Commerce dept. posts rise in December apparel orders.
- Magazine article from: Daily News Record Honigsbaum, Mark February 4, 1987 700+ words
Commerce Dept. Posts Rise In December Apparel Orders WASHINGTON (FNS) -- A large decline in new orders for household durable goods offset...
- Commerce Dept uses its newest data to underscore importance of foreign markets.
- Newspaper article from: Knight Ridder/Tribune News Service November 11, 1998 700+ words
^Commerce Dept uses its newest data to underscore importance of foreign markets< By Sallie L. Gaines Chicago Tribune The Commerce Department...
- Commerce dept to implement National e-Governance Plan.
- News wire article from: PTI - The Press Trust of India Ltd. November 29, 2006 700+ words
Commerce dept to implement National e-Governance Plan New Delhi, Nov 29 (PTI) The government has asked the Department of Commerce to implement...
- Commerce Dept. questions biotech firms through survey.
- Newspaper article from: Medical Device Daily August 30, 2002 700+ words
Commerce Dept. questions biotech firms through survey By KIM COGHILL Medical Device Daily Washington Writer WASHINGTON The U.S. government...
- PMI, Commerce Dept. sign agreement on international trade.(Vendor & Supplier...
- Magazine article from: Plumbing & Mechanical February 1, 2004 700+ words
...expects to better use export promotion programs, facilitate federal assistance for plumbing manufacturers facing foreign trade barriers and intellectual property rights violations, and improve the effectiveness of Commerce Dept. programs.
- Shut-down of Commerce Dept. may cost millions
- Newspaper article from: Call and Post (Cincinnati) Janice Malone September 28, 1995 700+ words
Janice Malone Call and Post (Cincinnati) 09-28-1995 Shut-down of Commerce Dept. may cost millions. The Chrysler Bill (H.R. 1756), which proposes the elimination of the Department of Commerce and the...
