Monthly Archives: November 2011

FOMC Policy, October ADP Employment, Auto Sales

Fed Policy on Hold for Now, Door Wide Open for More QE Later According to today’s FOMC policy announcement, Fed policy is unchanged from September 21. The FOMC repeated its view that the Fed funds rate would remain near zero … Continue reading

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October ISM Manufacturing, September Construction Spending

Orders Support Manufacturing, But Other Pillars Weaker The September ISM Manufacturing Index decreased to 50.8 percent as production barely expanded. Construction Spending for September increased by 0.2 percent with gains in private residential. The ISM Manufacturing Index slipped to 50.8 … Continue reading

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