Federal Reserve flow-of-funds data for Q1 show the net volume of credit market borrowing at a $2.4 trillion annual rate, very similar to Q4's $2.5 trillion; the earlier figure is revised somewhat from $2.3 trillion reported before. [...]
Introducing
Carol Stone, CBE
in:Our Authors
Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
Publications by Carol Stone, CBE
Global| Jun 06 2013U.S. Flow of Funds Show Modest Reduction in Q1 Credit Market Borrowing
- Global| Mar 07 2013
U.S. Flow-of-Funds Highlight Q4 Gain in Credit Market Borrowing
Credit market borrowing picked up in Q4, according to the Federal Reserve's quarterly Flow-of-Funds accounts, reaching a $2,246 billion seasonally adjusted annual rate, close to three times the Q3 pace of $796 billion. All three major [...]
- Global| Mar 01 2013
U.S. Construction Spending Down in January, Mainly in Utility Plants
Construction put-in-place fell 2.1% in January (+7.1% y/y) after December's 1.1% increase. December was revised slightly from a 0.9% increase reported a month ago, but November received a boost from new data on electric power plant [...]
- Global| Jan 17 2013
Foreign Investors Acquire Larger Amounts of U.S. Securities in November
Foreign investors purchased $61.5 billion worth of U.S. long-term debt and equity securities in November, according the U.S. Treasury's International Capital ("TIC") data, published yesterday. This marked a noticeable pick-up from [...]
- Global| Jan 04 2013
U.S. Vehicle Sales Edge Down in December; 2012 Volume Largest Since 2007
After their surge in November, unit sales of light motor vehicles eased 1.0% in December to 15.37M (SAAR, and 12.9% above December 2011) according to Autodata Corporation. The latest figure surpassed the Bloomberg survey consensus [...]
- Global| Dec 28 2012
U.S. Pending Home Sales Up More in November
Pending sales of existing single-family homes, condos and co-ops gained another 1.7% (9.8% y/y) last month after a slightly revised 5.0% October rise, according to the National Association of Realtors (NAR). The latest figure joined [...]
- Global| Dec 27 2012
U.S. New Home Sales Rebound to 2-1/2-Year High
New home sales reversed their October decline in November, as they gained 4.4% to a 377,000 annual rate (+15.3% y/y). This was the largest monthly amount since April 2010. The October result was revised to 361,000 from 368,000 [...]
- Global| Dec 27 2012
U.S. Consumer Confidence Turns Down
The Conference Board's Consumer Confidence Index for December fell 6.4 points to 65.1 (1985=100) from 71.5 in November. That figure was itself revised down 2.2 points from 73.7 reported a month ago. Consensus expectations had called [...]
- Global| Dec 27 2012
U.S. Initial Unemployment Insurance Claims Ease
Initial claims for unemployment insurance decreased last week (ended December 22) to 350,000 following an uptick the week before to 362,000 (revised marginally from 361,000). Consensus expectations had looked for a nearly unchanged [...]
- Global| Dec 26 2012
U.S. Case-Shiller Home Price Index Shows Further Firming
Housing market conditions continue to improve, as home prices firmed further in October, according to the seasonally adjusted Case-Shiller 20 City Home Price Index. This measure rose 0.7% in the month following 0.4% in September; the [...]
- Global| Dec 21 2012
U.S. Durable Goods Orders Up 0.7% in November with Mixed Industry Pattern
Durable goods orders increased 0.7% in November (0.8% y/y) after a 1.1% rise in October. October's figure was revised from the "advance" figure of zero change reported a month ago and the full manufacturing report number of 0.5%. [...]
- Global| Dec 20 2012
U.S. Existing Home Sales Bounce in November to 3-Year High
The National Association of Realtors (NAR) reported that sales of existing homes increased 5.9% in November to a 5.040M annual rate, the highest since November 2009. October's sales total was revised down slightly to 4.760M from 4.790 [...]
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