American consumers are being hit with a double dose of bad economic news: anemic wage growth and a sluggish housing…
Source: www.jsonline.com

Fed seen holding interest rates steady 
The Federal Reserve is expected to keep its finger on the interest-rate pause button, giving borrowers more time to catch their breath and savers a chance to lock in some respectable rates.
Source: news.yahoo.com

Philly Sinks the Dollar 
The aftereffects of the extremely poor results from the Philly Fed survey reverberated throughout the currency markets taking the EUR/USD above the 1.2800 by the end of the week.
Source: www.dailyfx.com

Sweet mortgage deals turning sour 
Tina Gren Clarence saves $600 a month with an interest-only loan she took out about a year ago for a Petaluma home, yet already is considering heading off the financial hit when her monthly payments could jump.
Source: www1.pressdemocrat.com

Peugeot Weighs Alliance With Malaysian Carmaker 
A deal would give the French firm a factory presence in the region and enable Proton to use its spare capacity.
Source: www.latimes.com