U.S. Economic Report Not Rosy

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U.S. Economic Report Not Rosy

May 21. 2009

President Barack Obama

The U.S. Federal Reserve continues to make estimations (guesstimations) as to the direction the economy will go in the coming months. The government still does not have a grip on the crisis that began during the last administration.

Factories, jobs data and Fed buying ahead

Thu May 21, 2009 2:14am EDT

NEW YORK (Reuters) - The woeful U.S. jobs picture and slumping factory sector will take center stage in the Treasury debt market on Thursday as investors assess how quickly the economy might make the transition from falling to flying.

The data will come a day after minutes from the Federal Reserve's latest meeting showed the U.S. central bank downgraded its economic forecasts and suggested it might expand its purchases of Treasuries if conditions warranted...

http://www.reuters.com