Archive for October 28th, 2009

GDP Report Could Alter Fed’s Monetary Policy

Wednesday, October 28th, 2009
GDP Report Could Alter Fed’s Monetary Policy

Although a single economic indicator usually carries little value, tomorrow’s announcement of Gross Domestic Product (GDP) growth could be the exception. The third quarter GDP growth is expected to be around 3.2% (annualized). If the growth is at that level, next week’s Fed meeting might produce the first indication of an interest rate rise. »

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