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Trading news regarding major announcements in the financial world.

Rising Odds of Fed Cut this Week

Postby Yonashd on 14 Jan 2008

This week’s busy data schedule will be dominated by a string of inflation figures from the US , UK and Eurozone but the more important data reports will be US retail sales, industrial production and Philly Fed index due on Tuesday, Wednesday and Thursday respectively. A dismal showing in these indicators coupled with continued selling in US equities will likely prompt the Fed into cutting rates as early as this week.
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