World Economy


  • Fed minutes – FOMC minutes released yesterday indicated that the Fed was unlikely to raise interest rates (currently 5.25%) in either September or October.
  • Hurrcane Season – Ernesto loses strength and veers away from oil and gas fields in Gulf of Mexico.
  • Crude oil – oil price closed below $70 as a result, but moved back up due to fears over Iran
  • Consumer Confidence – fell to a 9 month low
  • Housing Market slows
 
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