FED Bernanke's testimony

Market news

29 February 2012

FED Bernanke's testimony

recognizes recovery continues
recent positive labor mkt developments
warns that "continued improvement in the job mkt is likely to require stronger growth
Unemployment remains elevated and best guess is '12 growth will look like H2:11 (+2.25%)
reviews Jan FOMC forecasts and LT guidance but says "it will be esp important to review incoming info."

U.S.: Chicago Purchasing Managers' Index , February 64.0 (forecast 61.6)

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