Wednesday, October 11, 2006

Quick Overview

  • The U.S. Treasury said the federal government posted a $247.7 billion deficit in 2005-2006, down from $319 billion the previous year and the smallest in four years.

  • Minutes from the Fed September policy meeting showed officials remain "concerned" about upside inflation risks.

  • GDP in the EU-12 was up 0.9% QoQ and up 2.7% YoY.

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