https://personal.vanguard.com/us/insights/article/economic-week-review-02172012
Economic Week in Review: Fed holds back amid signs of progress
February 17, 2012
The U.S. economy is showing progress as some risks abate—at least for the moment. A deal in Congress to extend a payroll tax cut and federal unemployment benefits means households won’t end up with less cash to spend this year, which some analysts had feared could have caused the recovery to falter. And though the housing market remains deeply troubled, home construction is showing signs of life. For the week ended February 17, the S&P 500 Index rose 1.4% to 1,361 (for a year-to-date total return—including price change plus dividends—of about 8.6%). The yield on the 10-year U.S. Treasury note rose 2 basis points to 2.01% (for a year-to-date increase of 12 basis points).
Fed doesn't appear poised for new action
(Article does continue. Zim.)
Mad Poet Strikes Again.
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