“Fed Statement has contradictions, as the FOMC does not comment on housing. The daily charts for the US Capital Markets.
The Fed says that economic activity continues to strengthen and that is viewed as a positive by traders around the world. Then they say that the deterioration in the labor market is abating when 43 states say that unemployment is rising. The Fed claims that household spending is expanding, but is constrained by a weak labor market, modest income growth, lower housing wealth, and tight credit. Why can’t the FOMC say what they really think instead of this double-talk?...”
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About Richard Suttmeier:
Richard Suttmeier’s latest blog analyzes earnings from Intel, the most important technology stock, JP Morgan Chase, the most important “too big to fail” bank, and break-out’s for Comex copper and Nymex crude oil.
Richard Suttmeier is the chief market strategist for ValuEngine.com. Richard is an industry leader on the housing market and banking system and writes a newsletter covering The Great Credit Crunch. He produces a List of Problem Banks by name. He produces daily and weekly briefings covering the US Capital markets. Richard Suttmeier’s ValuEngine Four In Four video is available on forextv.com.
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