The release of the Fed’s Beige Book today left investors even more leery ahead of Chairman Ben Bernanke’s speech on Friday. In the minutes from the last FOMC meeting, the Fed had given the markets yet another strong signal that it is preparing to take action to boost the nation’s lackluster recovery, but had emphasized that further measures would not be taken if the economy was back on track for a substantial and sustainable recovery. And with the indications made in today’s Beige Book, many are concerned that these “stipulations” the Fed has put on will leave many investors disappointed with Bernanke’s speech at Jackson Hole. According to the Beige book, the economy continued to show improvement in July and early August, but cited that manufacturing activity was weaker across the country. In line with the Fed’s assessment, a revision of the U.S.’s second quarter GDP also came in better than expected, showing an [...] Click here to read the original article on ETFdb.com. Related Posts: Saving For College, ETF Style: An ETF-Friendly 529 Plan The Appeal Of Dividend ETFs Some Active ETFs Earning Their Keep During Crisis December ETF Roundup: $1 Trillion And Counting Best ETF Performers Of 2010: Winners For Every ETFdb Category
The release of the Fed’s Beige Book today left investors even more leery ahead of Chairman Ben Bernanke’s speech on Friday. In the minutes from the last FOMC meeting, the Fed had given the markets yet another strong signal that it is preparing to take action to boost the nation’s lackluster recovery, but had emphasized that further measures would not be taken if the economy was back on track for a substantial and sustainable recovery. And with the indications made in today’s Beige Book, many are concerned that these “stipulations” the Fed has put on will leave many investors disappointed with Bernanke’s speech at Jackson Hole. According to the Beige book, the economy continued to show improvement in July and early August, but cited that manufacturing activity was weaker across the country. In line with the Fed’s assessment, a revision of the U.S.’s second quarter GDP also came in better than expected, showing an [...]
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