Federal Reserve Sees Economic Improvement and Some Jobs
Federal Reserve Sees Economic Improvement and Some Jobs
Late year reports from the 12 different regions of the Federal Reserve saw improvement in consumer spending and manufacturing according to a report released today. This is the best report since the recession began as 8 regions reported an increase in economic activity. Can this recovery continue after the First Home Buyer Tax Credit expires next April, more than likely it can.
Jobs Improvement
The Fed plans to keep rates were they are as inflation, even in recent reporting, has not increased. And maybe the best news of all is job improvements in the Boston area and the service sector in St. Louis. Even with the two regions of job growth, the board doesn’t expect the unemployment rate (10.2%) to move downward until the middle of 2010.
Free for 7 Days: Matt Maley's Inner Circle
In volatile markets, timing is everything. Now is your chance to follow a Wall Street pro who thrives in market swings. Get instant trade alerts, clear entry and exit points—FREE for 7 days. Start Your Free 7-Day Trial →
S&P 500 Proshares
I still feel the best way to play the economic recovery is purchase Ultra S&P 500 Proshares ETF (SSO). There are other ETFs that you could also add to a portfolio but I tend to the use the double return S & P 500. It has fluctuated between $37 and $38 a share for the past month but should run if it breaks above $38.
© 2009 FastSwings.com
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
Turn Market Uncertainty Into Your Advantage
Feel unsure about the market’s next move? Copy trade alerts from Matt Maley—a Wall Street veteran who consistently finds profits in volatile markets. Free access for 7 days. Join free for 7 days and trade alongside Matt in real time.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
