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U.S. Week Ahead: QE3 on the bench but not out of play

Friday, March 09, 2012 - 02:51

Mar. 9 - Reuters Correspondent Mark Felsenthal says the Fed is likely to put further easing on the back burner when it issues its policy decision and statement on Tuesday at 1415 EDT.

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Here is you're US week ahead we'll get the Fed's latest read on -- recovery when it issues -- policy decision. On Tuesday at 2:15 PM. Ben Bernanke's been urging caution on the economy stressing job gains need to support of stronger demand Reuters correspondent mark thousand calls says this may not be the end of further easing -- A lot of people are probably going to be looking at the trade report. And there have been some downward revisions to projections for GDP growth in the first quarter. Based on that the Fed may keep QE3 at the ready in case growth slows further. And we'll get -- follow up from fed chair Bernanke on Wednesday he set to talk before an independent community bankers convention at 10 AM. It'll be a form of a pre recorded video of those so don't expect any questions and answers. And Treasury Secretary Tim Geithner also takes the podium Thursday at 7 PM at the economic club of New York he may allow every on his recent remarks. That the government could afford to extend tax breaks for middle class Americans beyond the end of the year. We'll take the pulse of the economy went retail sales come out on Tuesday at 830 -- add I have Faris says sales are expected to rise one point 4% in February -- strongest showing in about two years. Thomson Reuters retail analyst around Marcus says driving robust figures. Autos and apparel. I'm from bagels -- have had a strong showing what I had created icons seen record traffic as shoppers look for value and discounts to buy cars. My main street warmer than usual weather brought consumers out in force device ring merchandise. At full price which will benefit risk wider margins. Long lines around Apple's stores on Friday when the new iPad hit the shelves. Analysts say Apple's back to dominate the tablet market with its new -- enabled device it also features a more powerful chip. High definition screen and a sharper camera. According to start my 25 analysts now rate apple a strong thought. He had inflation manufacturing and sentiment data on tap Thursday sees the release of producer prices that Philly Fed index. Friday it's the return of consumer prices. At a preliminary read of the Reuters university of Michigan's sentiment index. -- Romney put more distance between -- and rival Rick Santorum. We'll find out when the GOP presidential race heads down south. On the radar primaries in Alabama and Mississippi on Tuesday. So far Romney is not expected to win lacking in popularity with conservatives and blue collar workers still he has captured twice as many delegates as santorum's so far. Hawaii also about this I'm rubbish out there this this writers.

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U.S. Week Ahead: QE3 on the bench but not out of play

Friday, March 09, 2012 - 02:51