Payroll processing company ADP reports 135,000 private sector jobs were added last month, falling below analyst expectations. Will the weak numbers cause the Federal Reserve to stick to stimulus?
Stock markets were up this morning, though data from a variety of sources indicate a only tepid economy. Juli Niemann, analyst with Smith Moore & Company, says it's precisely this bad news that is making the market rally.
Today Federal Reserve Chairman Ben Bernanke gives his latest economic report to Congress. His testimony comes on the same day that Japan's central bank is indicating its intention to continue stimulus measures.