With view on the future
Messages on the new economy the most important economic come from two meetings of the Federal Republic Open Market Committee, beginning on Wednesday. A decision on interest rates, Thursday, the Fed should rate unchanged at 5.25 percent.
An update on the housing sector of the economy, reports on home sales for May (Monday) and new home distribution for the month of May (Tuesday).
Other reports are also consumer confidence for June (Tuesday), the use of capital goods for the month of May (Wednesday); Final first quarter reading on gross domestic product (Thursday) personal income and spending for May, Chicago Purchasing Managers Index for June, construction spending for May and the Reuters / University of Michigan Consumer Sentiment Index for the month of June ( Friday).
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Business Today
The Consumer Price Index, the government better measure of inflation observed, Has lifted 0.5 per cent more than doubled December up 0.2 percent, the Labor Department said Friday. A large part of the war debt-edged blow of rising energy prices, economists said. Without energy and food, the main inflation rate