Yesterday we gave back some of the gains from earlier this week as we opened the day down from the previous close. This was a result of ADP employment numbers released yesterday morning which came in better then economist expectations. The FOMC minutes were also released yesterday but this didn’t seem to move the market very much. We close out the week with the Employment Situation report on Friday. Unemployment continues to be a top priority for the Fed and if the employment situation continues to improve this will further support the decision to scale back their bond buying program.
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