| Date
| Event
| SubClass
| Action |
|
The Bush administration announces that US deficit spending in the 2006 budget would soar above $400 billion, well over the July forecast. |
|
profile |
|
Stephen Friedman, who was a member of the anti-deficit group the Concord Coalition, resigns his position as one of George Bush's top economic advisors to return to the private sector in New York. |
|
profile |
|
The U.S. Commerce Department announces that the U.S. trade deficit widened unexpectedly in April to a record $48.3 billion, as strong consumer demand and the highest oil prices in 21 years pushed imports to record levels, |
|
profile |
|
The Lundberg Survey of 8000 gasoline stations shows that the national average for self-serve regular unleaded gas fell 6.48 cents per gallon to $2.0096 in the three weeks ended June 11. It is the first three week price decline since December of 2003. |
|
profile |
|
US Treasury debt prices fall on news that May retail sales were strong and in anticipation of an inflationary signal from the May consumer price index. The benchmark 10-year note slipped 11/32, thus boosting its yield to 4.85% from 4.81%.. The two-year Treasury notes fell 6/32 resulting in a yield ... |
|
profile |
|
The U.S. Department of Labor reports that new applications for unemployment insurance increased by a seasonally adjusted 12,000 to 352,000 for the week ending June 5. |
|
profile |
|
The U.S. federal Energy Information Administration (EIA) reported that crude oil stocks rose by 400,000 barrels to 302.1 million barrels last week. In response, New York crude was down 45 cents at $36.83 a barrel. London benchmark Brent crude was down 38 cents on the session at $34.67 a barrel. |
|
profile |
|
Treasuries declined ahead of a government auction of $25 billion of debt and on on speculation inflation will accelerate and prompt Alan Greenspan and Federal Reserve to boost the benchmark interest rate faster than anticipated. |
|
profile |
|
U.S. oil prices ease on profit taking after a rally spurred by news of another disruption to Iraq's crude exports and the threat of a strike in Nigeria.data to be released on Wednesday is expected to show further increases in inventory levels. |
|
profile |
|
Representatives of the United States, Britain, Canada, France, Germany, Italy, Japan and Russia meet at an exclusive island resort off the Georgia coast. G-8 leaders are expected to extend and expand a debt relief program for the world's poorest nations |
|
profile |
|
The U.S. Labor Department reported that employers added 248,000 jobs in May, making a three-month gain of 947,000 jobs the best in 4 years. The jobless rate remained steady at 5.6%. |
|
profile |
|
NYMEX July Crude Oil traded at an early high of $40.50 a barrel, up .54, after retreating 5.6%to $39.96 as many hoped OPEC would raise production quotas by 2.5 million barrels per day. |
|
profile |
|
The U.S. Labor Department reports that the amount an employee produces for every hour on the job exceeded the initial estimate of a 3.8% growth rate for the January-to-March quarter and beat the 2.5% pace registered in the final quarter of 2003. |
|
profile |
|
The July contract for light sweet crude fell 68 cents to 39.28 on the New York Mercantile Exchange, as the OPEC cartel pledge to boost output and data showing a rise in US inventories eased market jitters. |
|
profile |
|
Crude oil futures in New York rose to a record $42.45 a barrel amid concerns about the oil flow from Saudi Arabia following a terror attack and hostage taking standoff in the oil-rich country by Islamic militants that left 22 people dead. |
|
profile |
|
After the end of the hostage standoff in Khobar, Saudi Arabia officials vow to keep its crude supplies flowing to world markets, and pledge to improve security for oil producing facilities and employees. |
|
profile |
|
The University of Michigan's Consumer Sentiment Index falls to a seven month low of 90.2 from 94.2 in April while the expectations index fell to 81.6 from 87.3. |
|
profile |
|
A U.S. Commerce Department report shows that sales of new U.S. homes fell 11.8%, well below expectations in April as rising mortgage interest rates cooled the busy housing market. |
|
profile |
|
The U.S. Commerce Department reports that orders for "durables"dropped by 2.9% in April, marking the biggest decline since September 2002.. |
|
profile |
|
NYMEX crude oil falls sharply a day ahead of the US inventory report and one day afer a surge to near-record highs despite Saudi Arabia's proposals for more production. |
|
profile |
|
Members of the Oil Producing Export Countries now say that crude at $30 to $34 a barrel in New York reflects the current cost of investment and maintenance of oil fields. |
|
profile |
|
The weighted national average for all three grades of gasoline rose to $2.10 per gallon according to analyst Trilby Lundberg. The increase is more than 14 cents in two weeks and shows no signs of slowing. |
|
profile |
|
U.S. President George W. Bush appoints Alan Greenspan to a fifth four-year term as chairman of the Federal Reserve. |
|
profile |
|
India's stock market suffered the biggest crash in its 129-year history, on investor fears regarding the economic policies of the incoming Gandhi administration. |
|
profile |
|
Crude oil rises to $41 a barrel for the first time in more than 13 years. |
|
profile |
|
The U.S. Commerce Department announces that the U.S. trade deficit has swelled to a record $46 billion in March, propelled by rising prices for imported oil and unsatiable consumer demand for vast quantities of goods from abroad. |
|
profile |
|
Crude oil futures closed above US$40 for the first time in 13 years due to rising global demand and concerns about U.S. supply shortages. |
|
profile |
|
Gasoline prices in the United States reach new highs of just over $1.77/gallon |
|
profile |
|
U.S. Unemployment for Feb 2004 at 5.6%; Jan was 5.6% |
|
profile |
|
U.S. Job Growth for Feb 2004 is 21,000 jobs; Revisions also weaker. |
|
profile |
Economy