If you can trust CNBC’s Patti Domm new evidence of sluggish U.S. jobs growth and
dovish tones from Federal Reserve officials have pumped up expectations that
the central bank could announce a new easing program after its meeting
Wednesday and Thursday.
The two-day Fed meeting is the big event in a week that
includes some important economic data. Retail sales data Friday…show(ed)
consumers increased spending in August, but inflation data could show that some
of what is being purchased is just higher priced gasoline.
In addition to easing from the Fed, traders are watching for
other global stimulus that helped lift stocks in the past week. China, for
instance, approved 60 infrastructure projects worth $157 billion, boosting
global stocks and commodities Friday that could benefit from that spending….
More? Go to http://www.cnbc.com/id/48946089
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