Clouds over economy unlikely to clear soon Fed we
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Clouds over economy unlikely to clear soon
Fed weighs next move, consumer spending likely a deciding factor WASHINGTON (MarketWatch) — The U.S. economy is like an overcast fall day: neither hot nor cold, with a chance of worsening weather.
http://www.marketwatch.com/story/clouds-over-...2012-08-26
The cloudy state of the economy has put the Federal Reserve in a fix. The central bank seems increasingly willing to take another stab at stimulating the economy, but only if growth clearly appears to be faltering.
The game plan of the Fed will capture much of the economic spotlight this week as central bankers gathers for their annual retreat at Jackson Hole in Wyoming. Wall Street will be looking for clues on whether the Fed is ready to pull the trigger