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Comments from the Federal Open Market Committee’s (FOMC) January 29-30 meeting revealed that the US Federal Reserve has ongoing concerns about downside risks to growth in the US economy.
US markets saw another volatile week. Though somewhat buoyed by strong retail sales, markets fell in the wake of sobering comments by Federal Reserve chairman Ben Bernanke.
The big surprise of the week was the service sector ISM index. The numbers caught the market by surprise showing the worst result since 2002 when the US was last in recession.
US
This was a big week in terms of economic news.
The theory goes that the first week of trading for the year is an indicator of what to expect for the rest of the year.
US - The US market saw another mixed and volatile week.
US - At long last we see some positive data out of the US.
US - The Federal Reserve “Beige Book”, released today, will be reviewed carefully by traders and investors to gauge the future health of the US economy.
It was a volatile week, with traders selling out of positions on Wednesday ahead of the Thanksgiving holiday on Thursday.
The US stock market weathered a volatile week that seesawed between optimism and dismay.
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