The U.S. Month at a Glance (July 2004)

A snapshot of the U.S. economy for the last six months.

Document Highlights

• The Fed raised the federal funds rate by 25 basis points at the end of June.
• Employment increased by a smaller than anticipated 112,000 in June, while the unemployment rate remained at 5.6 per cent.
• Signal49 Research Inc.’s index of consumer confidence surged to 101.9 in June, its highest level in two years.