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Economic Research: U.S. Weekly Financial Notes: It Was A Really Bad Winter
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
Most of the noise in the financial markets this week came from the Federal Reserve, which held its first-ever press conference after the April 26-27 meeting of the Federal Open Market Committee (FOMC). It wasn't what Chairman Bernanke said, but simply the fact that he spoke, that got markets excited. Economic releases this week include: Real GDP rose at an annualized rate of 1.8% in the first quarter, suffering from bad weather, higher commodity prices, and lower military spending. Housing data were mixed again this week. Sales of new single-family homes jumped 11.1% in March to an annual rate of 300,000, and pending home sales rose 5.1%. However, home prices dropped again, with the S&P/Case-Shiller Home Price Index falling 1.1%...