Thursday, June 28, 2007

Quick Overview

  • The Federal Reserve kept the federal fund rate unchanged at 5.25%, as expected.

  • U.S. GDP was up 0.7% in the first quarter of 2007.

  • U.S. personal consumption expenditures rose 2.3%.

  • U.S. bank regulators have agreed on new standards for subprime mortgage loans .. to be announced tomorrow.

  • Germany's unemployment rate improved from 9.2% to 9.1% in June,

  • U.K. house prices rose 1.1% in June.

  • Japan's core consumer price index for May fell 0.1 % YoY.

  • Japan's jobless rate for May unchanged at 3.8% MoM.

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