Fed Signals a Change of Course- “This week, all eyes were on - TopicsExpress

Fed Signals a Change of Course- “This week, all eyes were on the Wednesday Fed meeting and the continued signals from the FOMC that it is nearing the tipping point for slowing the pace of asset purchases sometime before the year is over. In addition, this week we learned that consumer prices rose slightly in May after falling for the past couple of months. The housing market data this week continued to show home building activity but at a more modest pace than many analysts expected. The forward-looking leading economic index reinforced our view for somewhat softer economic growth in the second quarter of this year.”

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