US OUTLOOK:

Market news

13 December 2010

US OUTLOOK:

JPM economist Jim Glassman says the wk may be quiet. "FOMC meeting is expected to pass quietly. Critics who claim the Fed's asset purchase initiative poses an inflation threat that will be difficult to contain are off base and won't deter the FOMC. The consumer news likely will continue to be upbeat... Despite pressures in the food and energy area, core inflation likely remains low."

Schedule for today, Tuesday, Dec'14'2010:

Citigroup now sees US 4Q/4Q 2011 GDP growth close to 3-1/2%, and says "the U.S. official debt burden is not the primary concern of investors."

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