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Will Interest Rates Go Up for the First Time in Nearly a Decade?

Stocks rebounded during the holiday-shortened week as gains in overseas stock markets spurred buying activity, giving the Dow its best week since March. Despite the buying pressure, investors curbed their enthusiasm ahead of the Federal Reserve meeting next week. For the week, the S&P 500 gained 2.07%, the Dow grew 2.05%, and the NASDAQ gained 2.96%. (1)

China’s Growth Sputters

Fresh data out of China showed that factory output missed expectations, supporting the view that China’s economic growth may dip below 7% for the first time since the global recession. Infrastructure investment also fell, leading many experts to believe that China’s central government may be forced to roll out new measures to boost economic growth. (2)

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