http://www.vanguard.com/us/insights/article/economic-week-review-06082012
Economic Week in Review: Fed paints economy in muted tones
June 08, 2012
The Federal Reserve again took center stage as Chairman Ben Bernanke expressed concern over the sluggish pace of economic recovery, even as its Beige Book survey showed modest expansion. Testifying on Capitol Hill, Mr. Bernanke cited the serious risks to recovery but didn't offer any specific policy moves to jump-start the economy. His comments came during a week that produced a drop in factory orders and productivity, slowed service-sector growth, and reduced exports. For the week ended June 8, the S&P 500 Index climbed 3.7% to 1,325.66 (for a year-to-date total return—including price change plus dividends—of about 6.4%). The yield on the 10-year U.S. Treasury note rose 18 basis points to 1.65% (for a year-to-date decline of 24 basis points).
Trade deficit narrows
(Article does continue. Zim.)
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