Wall Street Fears the Worst as US Housing Sales Continue to Fall

Wall Street will this week brace itself for further disappointing figures from the US housing arena when numbers for sales of existing and new homes are released on Monday and Tuesday. After economic data last week showing the UK on the brink of recession, attention will be on the US, with minutes from the Federal Reserve's interest rate-setting committee and GDP numbers also due to be released.
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Posted by Editor at August 26, 2008 07:47 AM