[ul]
[li]Money Markets Liquidity Remains Tight with Short Term Rates Significantly Higher than the Fed Funds Target [/li][li]Credit Default Swaps Rise More than 8.5 percent On Concern Over the Future of the Credit Derivatives Market [/li][li]Retail Sales Upbeat, but Markets Unsure on Consumption Outlook [/li][li]Poor Earnings Drive the U.S. Stock Market Lower [/ul] Click here to join DailyFX Analysts in discussing the Watch What the Fed Watches latest report.[/li]
Written by Antonio Sousa and David Rodriguez, Currency Analysts for DailyFX.com