Video: Mark Rogers on the US Economy — Week of February 24, 2014

Econoday’s Mark Rogers provides a look at key economic announcements for the US this week. This week, the Fed expected to stay the course on the taper.

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Econoday reports, available on TradingScreen’s award-winning TradeSmart EMS, provide alerts on upcoming economic announcements, and jargon-free analysis of their potential market impact. Mark Rogers, Senior Economist for U.S. markets, has over 19 years of experience with the Federal Reserve Bank of Atlanta as an economist and forecaster for national and regional economies.

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Highlights:

  • FOMC minutes suggest that the Fed will continue with “measured steps” with tapering (0.30)
  • Agreement between Fed hawks and doves on taper (1.30)
  • Not the same broad consensus on the Federal funds rate (2.15)
  • Reverse repos will be an important policy tool when the Fed does raise the fed funds rate (3.20)
  • Disappointing manufacturing and housing indicators last week – new home sales and manufacturing coming up (5.32)
  • The recent bad weather and its impact on consumer confidence (7.55)