Despite waiting on policy decisions from the Federal Reserve, U.S. stock-index futures increased mildly. Economists do not expect any new stimulus measures, but the Fed is dealing with some fairly bleak economic indicators. “Since the June meeting, economic conditions have deteriorated further and now warrant additional monetary easing,” analysts at Nomura wrote to clients. However, the private sector did add 163,000 jobs in July—43,000 more than analysts expected. Recent data from the Labor Department show the jobs market failing to build momentum fast enough to materially drive down the unemployment rate. Construction spending has increased 0.4% on a month-to-month basis since June, according to the Commerce Department.
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Wall Street climbs as Fed decision looms (Fox Business)
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