The Richmond Fed Manufacturing Survey was up this last week, as well, to its highest level since August.
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When I joined the Richmond Fed in 1968 as an international economist, it took 360 yen to purchase 1 dollar.
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U.S. economic data due for release Tuesday includes the Chicago Fed national activity index, existing home sales, and the Richmond Fed business survey.
When I started at the Richmond Fed in August 1968, what they are now calling currency manipulation was the standard, accepted international monetary system.
U.S. economic data due for release Tuesday includes the weekly Goldman Sachs and Johnson Redbook retail sales reports, existing home sales, and the Richmond Fed business survey.
Our little touring group was mainly from the Richmond Fed and was led by James Parthemos, our Greek-American Research Director and my first and possibly best Fed boss.
U.S. economic data due for release Tuesday includes the Goldman Sachs and Johnson Redbook weekly retail sales reports, the Richmond Fed business survey, and the FOMC meeting begins.
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U.S. economic data due for release Tuesday includes the weekly Goldman Sachs chain store sales index, the weekly Johnson Redbook retail sales report, new residential sales and the Richmond Fed business activity index.
FORBES: Comex Gold Backs Off on Profit Taking After Scoring New High of $1,917.90
U.S. economic data due for release Tuesday includes the weekly Goldman Sachs chain store sales index, the second-quarter GDP estimate, the weekly Johnson Redbook retail sales report and the Richmond Fed business activity survey.
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The Fed is set to turn even more bullish in 2013, as its natural rotation sees two centrists and Jeffery Lacker, head of the Richmond Fed and a lone dissenter in the FOMC, replaced.
FORBES: 2013 Is Bernanke's Year: Unlimited QE And Total Control Of The Fed
What was anticipated to be a 3 percent rise in month-over-month sales numbers came in at a shocking 15.6 percent, just as the Richmond Fed announced that manufacturing took an unexpectedly good turn to the upside.
FORBES: Unexpected Surge In Consumer Confidence And New Home Sales For February
U.S. economic data due for release Tuesday includes the weekly Goldman Sachs chain store sales index, the weekly Johnson Redbook retail sales report, the Case-Shiller home price index, the consumer confidence index, new residential home sales and the Richmond Fed business activity survey.
FORBES: Comex Gold, Silver Steady-Weak on Mild Profit Taking
Also, we get more data on manufacturing from both the Richmond and Dallas Fed surveys.
FORBES: The Week Ahead: Should You Listen To The Fed Whisperers?
Both the Richmond and Kansas City Fed Manufacturing Survey declined, as did the widely watched flash PMI Manufacturing index, which dropped to 52 from 54.2.
Jeffrey Lacker of the Federal Reserve Bank of Richmond voted against the latest Fed decision on the grounds that inflation would rise and require an interest rate hike.
Before I became Dallas Fed president in February 1991, I was only vaguely aware of the Jackson Hole confab even though I had been a senior official of the Richmond (and Baltimore) Fed for several years.
FORBES: Jackson Hole Blues: Nostalgia For The Bright Lights And Big Ideas
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