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Economic Research: U.S. Weekly Financial Notes: Not So Fast Dec 11
Standard & Poors, December 2011
The Fed couldn't quite take the protective gear off the U.S. economy this week. The Federal Reserve's Federal Open Market Committee (FOMC) upgraded the U.S. economic outlook in its policy statement. While it noted "significant downside risks to the economic outlook," largely from turmoil in Europe, it wasn't ready to launch another round of quantitative easing just yet, much to markets' dismay. Other economic releases this week include: U.S. November retail sales rose just 0.2% over October, while auto sales were up 0.5%. Excluding auto sales, retail sales also rose just 0.2% over October. The U.S. government budget deficit fell 9% in November to $137.30 billion from the previous year's $150.39 billion. In fiscal 2011, ended September 30, the deficit...
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Research Type: Commentary
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