Monday, October 15, 2007

Quick Overview

  • Federal Reserve Chairman Ben Bernanke said on Monday that a weaker dollar would have some inflationary impact but that expectations for slower growth may stem price rises.

  • The New York Federal Reserve's regional index of manufacturing rose from 14.7 to 28.8 in October.

  • Canada's index of leading indicators rose 0.4% in September.

  • The World Trade Organization ruled the U.S. provides illegal subsidies to cotton growers, giving Brazil the right to impose sanctions on up to $4 billion worth of U.S. goods.

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