Below is what the FOMC said after its last 2 meetings, and here’s what Bernanke should say.
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- Drop in PMI Services May Signal Weak BLS.
- New Home Sales at Highest Level since 2008.
- Supply Side Sluggish.
- Existing Home Sales up.
- Fundamentals Modestly Positive.
- Drop in Purchase Mortgage Applications.
- Housing Starts/Industrial Production up but Still Weak.
- Housing Market Index Shows Continued Growth.
- Retail Sales Show Sign of Recovering.
- Initial Jobless Claims up.