Weekly Fundamentals - US Enters Driving Season, Gasoline Demand in Focus

Risky assets were under pressure last week amid speculations that the Fed would taper QE measures sooner than expected. Fed Chairman Bernanke said during the week that labor market conditions "have shown some improvement recently" but still remain "weak overall". Although he also stated that “monetary policy does not have the capacity to fully offset an economic headwind of this magnitude", he also suggested that "a step down" in the pace of purchases "in the next few months" might be warranted if policymakers see sustainable improvements in the economy.

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Weekly Fundamentals - US Enters Driving Season, Gasoline Demand in Focus