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Economic Report Card: September 21, 2011

By Ilene
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Courtesy of John Nyaradi

Economic Report Card

Economic news from the housing industry and the Federal Reserve statement dominated economic news today.

by Wall Street Sector Selector Staff

Positive economic news came from the housing sector today as August Existing Home Sales rose to 5.03 million, up from 4.67 million in July and hitting a new high not seen seen last April.

The FOMC statement regarding “Operation Twist” dominated the news and painted a relatively glum picture of U.S. unemployment and economic growth.  See Fed Statement

Tomorrow’s economic news brings weekly jobless claims and August Leading Indicators

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector

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