U.S. Budget Deficit In December Amounting to $ 260 Million. The U.S. government had a budget deficit of $ 260 million in December, the Treasury Department reported on Friday, this is the best outcome for the last month in the last five years. The small difference in the monthly budget, including rare but this incident has never happened before: the U.S. government in the last two months of the current fiscal year experienced foreign trade surplus which amounted to $ 1.09 trillion. For the fiscal year to date, the deficit amounted to $ 292 million, down 9% compared to the first 3-months of the previous fiscal year.
Wall Street Ends Flat, Investors Wait for Earnings Results
U.S. stocks ended almost no change on Friday as investors took a step back from buying ahead of earnings reports next week. Overall earnings are expected to grow about 1.9 percent this season, according to Thomson Reuters data. Analysts said that with the least hindrance, there is room for the company to beat expectations, and that may have contributed to the rise in the stock market so far in 2013. "The market is waiting for a catalyst more than earnings," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.
Fed's Plosser Try Recover Dollar
Try reducing the dollar weakened after the Fed's Plosser express disapproval over bond-purchase program run by the Federal Reserve. Plosser also express the desire for the Fed to tighten monetary policy sooner than it should for fear of the threat of inflation. The dollar index is now trading 79 570, try away from daily lows 79,440 "I'm not one of the supporters of bond buying program. Program does not have a significant impact on improving the condition of the U.S. workforce. I want to stop the Fed's bond-buying program," said President of the Federal Reserve of Philadelphia. "Loose monetary policy adopted Fed could hurt the economic recovery. Easing only complicates the process of deleveraging and can not eliminate the uncertainty of the business world."
Wall Street Ends Flat, Investors Wait for Earnings Results
U.S. stocks ended almost no change on Friday as investors took a step back from buying ahead of earnings reports next week. Overall earnings are expected to grow about 1.9 percent this season, according to Thomson Reuters data. Analysts said that with the least hindrance, there is room for the company to beat expectations, and that may have contributed to the rise in the stock market so far in 2013. "The market is waiting for a catalyst more than earnings," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.
Fed's Plosser Try Recover Dollar
Try reducing the dollar weakened after the Fed's Plosser express disapproval over bond-purchase program run by the Federal Reserve. Plosser also express the desire for the Fed to tighten monetary policy sooner than it should for fear of the threat of inflation. The dollar index is now trading 79 570, try away from daily lows 79,440 "I'm not one of the supporters of bond buying program. Program does not have a significant impact on improving the condition of the U.S. workforce. I want to stop the Fed's bond-buying program," said President of the Federal Reserve of Philadelphia. "Loose monetary policy adopted Fed could hurt the economic recovery. Easing only complicates the process of deleveraging and can not eliminate the uncertainty of the business world."
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