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A report from the Federal Reserve said economic conditions remain weak across the nation but five of the 12 central bank districts reported that deterioration was slowing. At the same time, Treasury released a statement indicating that the budget deficit is expanding rapidly. The budget deficit wasn’t...
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Canadian CPI tops the economic news of the day as markets receive the Fed's Beige Book and the Department of Energy's weekly oil inventories. In the afternoon, markets will also be paying attention o the sales of $31 billion in two-year Treasury notes. At 7 a.m. EDT, Statistics Canada will release its...
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Economists largely agree that the Beige Book document to be released Wednesday by the Federal Reserve won't reveal anything new. It will likely say that economic conditions are generally soft across the country, with a few pockets of exceptional weakness and moderate growth, economists say. The Beige...
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Economic conditions across the United States have slowed since February, the Federal Reserve's Beige Book noted, as nine of the 12 districts report slowing economic activity. The report noted consumer spending is "softening" across much of the U.S. while residential construction is "generally anemic...