Friday, October 1, 2010

It has been a quiet morning so far. August Personal Income increased 0.5%, above the consensus forecast of 0.3%. The Core PCE price index rose 0.1% from July, matching expectations, and was a tame 1.4% higher than one year ago. The Fed's Dudley stated that further Fed action to stimulate the economy is "likely to be warranted" unless the economy improves quickly.

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