Summary for Week Ending Sept 14th

From calculatedriskblog.com

Summary for Week Ending Sept 14thThe key event of the week was the FOMC announcement. Here were my posts: • FOMC Statement: QE3 $40 Billion per Month, Extend Guidance to mid-2015 • FOMC Projections and Bernanke Press Conference • Analysis: Bernanke Delivered In other news, retail sales were strong due to higher gasoline prices. From Merrill Lynch: Gasoline prices surged in the month, forcing consumers to spend more at the pump. Gasoline station sales climbed 5.5%, contributing to the majority of the gain in total sales. Netting out gasoline station sales, spending was only up 0.3%. ... ... (full story)