The Week in Preview: FOMC Meeting, Consumer Sentiment, Retail Earnings

Filed under: Earnings Reports, Forecasts, Penney (J.C.) (JCP), Economic Data, Nordstrom, Inc (JWN), Federal Reserve

Federal Open Markets Committee (FOMC) meets again on Tuesday. Though the August meeting of the FOMC is generally uneventful, this time there is speculation about whether the FOMC will resort again to some quantitative easing -- a way of pumping additional money into the financial system.

Fed chairman Ben Bernanke has already hinted at such a move, given that economic growth has clearly slowed. Last week's disappointing employment numbers are the latest confirmation of that. The question is whether the Fed's decision to take action will happen at this week's meeting, perhaps aggravating deflation fears, or it may wait until the September meeting, at which point it risks impacting the upcoming mid-term elections.

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The Week in Preview: FOMC Meeting, Consumer Sentiment, Retail Earnings originally appeared on BloggingStocks on Sun, 08 Aug 2010 12:30:00 EST. Please see our terms for use of feeds.

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Ben Bernanke - Federal Reserve System - Federal Open Market Committee - Quantitative easing - Nordstrom

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