Tuesday, August 29, 2006

Quick Overview

  • U.S. Consumer confidence index dropped from 107.0 to 99.6 in August, the lowest in nine months.

  • The Federal Reserve is not "behind the curve" in battling inflation after its decision to not raise interest rates in August, Federal Reserve Bank of Dallas President Richard Fisher said.

  • The Renewable Fuels Association said the U.S. produced 318,000 barrels of ethanol a day in June, up 28% YoY.

  • Japan’s unemployment rate improved from 4.2% to 4.1% in July.

  • Germany's consumer confidence index rose to a 5-year high at 8.6 from 8.5

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