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Daily Archives: September 14, 2012
Comerica Economic Weekly
Yesterday, the Federal Open Market Committee voted to launch a new round of quantitative easing and to extend their forward guidance for the fed funds rate. The Fed will purchase additional agency mortgage-backed securities, at a pace of $40 billion … Continue reading
Posted in United States, Weekly
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August Retail Sales, CPI, IP/CU, Sept. Sentiment, July Biz Inventories
Energy and Weather Dominate Data on the First Day of Open-Ended QE August Retail Sales increased by 0.9 percent, boosted by higher gasoline prices. Ex-auto Retail Sales gained 0.8 percent. Motor vehicles and parts sales increased by 1.3 percent. The … Continue reading
Posted in Daily, United States
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U.S. Consumers Muscle Through Q3 as Global Policy Spigots Open
When the going gets tough, the tough go shopping. And that appears to be happening in Q3, following a weak Q2. Second quarter real GDP growth registered a disappointing 1.7 percent annualized growth rate, matched by tepid consumer spending, which … Continue reading
Posted in Monthly, United States
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FOMC Policy Announcement, August Producer Prices, Sept. UI Claims
FOMC Launches QE3, Extends Funds Rate Guidance In today’s FOMC press release, the Federal Reserve announced a new plan for quantitative easing. The FOMC also extended its existing guidance about the near-zero fed funds rate to mid-2015. The FOMC stated … Continue reading
Posted in Daily, United States
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