Newsbytes

Dallas Fed Announces New President

The Federal Reserve Bank of Dallas today named Robert Kaplan as its next president and CEO. Kaplan, who takes office on Sept. 8, is a former investment banker and vice chairman at Goldman Sachs. Since 2006, he has been a management professor and executive at Harvard Business School, where he authored several books on leadership. He is also co-chairman of ...

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Keating Discusses Oil and Gas Market on CNN

While consumers benefit from lower prices, the current six-year low for oil prices represents “grim times in the oil patch,” ABA President and CEO Frank Keating said on CNN today. If prices stay low, “there can be real calamity” for cities and states in oil-producing areas, he added.

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Rise in Homebuilder Confidence Continues

The National Association of Home Builders/Wells Fargo Housing Market Index rose 1 point to a level of 61 in August, the highest reading since November 2005. Two of the three index components posted gains for the month. Current sales conditions rose 1 point to 66, while the buyer traffic index rose 2 points to 45.  The index for sales expectations ...

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Industrial Production Gains 0.6% in July

Industrial production increased 0.6 percent in July, after a 0.1 percent gain in June. This was the second consecutive monthly gain. Industrial production has increased 1.3 percent on the year. After a 0.3 percent decline in June, manufacturing output increased primarily due to gains in motor vehicle assembly. Mining, increased 0.2 percent on the month, down from 0.7 percent in ...

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Producer Prices Increased in July

Producer prices climbed 0.2 percent in July, seasonally adjusted, according to the U.S. Bureau of Labor Statistics, attributable to an increase in prices for final demand services, which climbed 0.4 percent. July’s reading marked the third consecutive monthly increase in the index. Sixty percent of the broad-based price inflation for final demand services could be traced to a 0.4 percent ...

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