Category: Economic Trends

    Economic activity
    The preliminary estimate showed that real gross domestic product (GDP) advanced at an annual rate of 4.0% during 2002:I…

    Monetary policy
    The daily average effective federal funds rate typically remains close to target. Since the beginning of 2000, the averag…

    Savings institutions
    FDIC-insured savings institutions reported net income of $3.9 billion for 2002:IIQ; this was $519 million (15.5%) hi…

    Inflation and prices
    The Consumer Price Index (CPI) was unchanged in October after increasing an annualized 3.3% in September. Energy pri…