Daily Data Flow
Europe Closes Near High, Pending Fed Decision
The European FTSEurofirst 300 closed up 0.5% on Tuesday, near Monday’s historic five-year high.
S&P 500 Approaches Record ahead of Fed Meeting
As members of the Federal Reserve gathered for this week’s two-day meeting, stocks rose again, sending the S&P 500 to within five points of its record high, set Aug. 2.
Debt Will Rise with Population’s Age, Predicts CBO
The Congressional Budget Office (CBO) released forecasts today that project publicly held debt will reach 100% of Gross Domestic Product (GDP) by the year 2038, if current tax and spending laws remain unchanged.
Home Builders’ Confidence Holds Steady
The National Association of Home Builders’ (NAHB) monthly sentiment index remains positive but unchanged from August.
Summers, Syria Raise Stocks
Easing tensions regarding Syria and Lawrence Summers’s withdrawal of his candidacy for the next chair of the Federal Reserve led the S&P 500 to a five-week peak.
Europe Welcomes Yellen with Five-Year Highs
European markets hit record highs after weekend news, including Larry Summers’s withdrawal from Fed chair candidacy and a diplomatic agreement brokered in Syria.