While you were sleeping Fed decision awaited

Tue, 30 Apr 2013

By Margreet Dietz May 1 (BusinessDesk) - As US Federal Reserve policy makers began their two-day meeting a report showed a surprise contraction in the country's business activity in April, further weakening the greenback amid expectations for ongoing monetary stimulus. The MNI Chicago Report’s business barometer fell to 49, dropping below 50 for the first time since September 2009, from 52.4 in March. Offsetting that disappointing data was the latest report on US home prices. Single-family home prices jumped 9.3 percent in February from a ye...

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