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Economic Week in Review:
Chugging along as inflation eases
The economy continues its modest forward pace, without stoking higher inflation. In fact, this week's data show price increases decelerating, easing fears for the moment that the Fed's accommodative monetary policies are sowing the seeds of high inflation down the road. For the week ended January 20, the S&P 500 Index rose 2.0% to 1,315.38 (for a year-to-date total return—including price change plus dividends—of about +4.7%). The yield on the 10-year U.S. Treasury note rose 16 basis points to 2.05% (for a year-to-date increase of 16 basis points). Home sales show slow progress As expected, existing-home sales continued their slow rebound, increasing 5.0% in December to an annualized nba jerseys from china 4.61 million units. Fourth-quarter sales overall were strong, and the market finished out the year with 3 consecutive months of gains, resulting in a final yearly increase for 2011 of 1.7%. "The pattern of home sales in recent months demonstrates a market in... (more)