vendredi 18 mars 2011

The economic news of the March 16, 2011

   The Fed announced it was maintaining the course of its monetary policy very accommodative but expected that it will closely monitor inflationary risks.
   The index of homebuilder sentiment has emerged slightly up in March for the first time in four months, according to data from NAHB and Wells Fargo Bank. Indeed, the index was established, as expected by the consensus, at 17. Beyond 50, the index shows that a majority of manufacturers had a favorable market.
   Moreover, import prices have risen more than expected in February, rising 1.4% against 0.9% expected. Prices in January have however been revised downward to 1.3% against an estimate of 1.5%. This is the fifth consecutive month of increase for import prices.
   Finally, the Empire State Survey has increased more than expected in March to $ 17.5 against 17.0 expected by analysts. This is the best level since June 2010.

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