Treasuries rose overnight on speculation that economic news this week will add evidence that the economy is still struggling to expand, weakening the case for tapering. Later this week reports will show U.S. import prices rose .7 percent in August, Producer Prices gained 1.3 percent last month, and U.S. Retail Sales rose again. The addition of 169,000 workers in August trailed the 180,000 median forecast according to an economist survey to be released on Thursday. Finally, Congress is back in session today and all eyes are on Syria. President Obama will plead his case to the American people this week to gather support for a limited military attack while policy makers debate on Capital Hill.
No comments:
Post a Comment