Weaker-than-expected economic data boosted U.S. government securities prices on Thursday and seemed to increase the likelihood the Federal Reserve would buy debt to aid the economy.The news was also unexpected here, here and here.
An unexpected rise in new U.S. jobless claims and overnight reports showing a slower pace of growth in the euro zone's services and manufacturing sectors boosted demand for safe-haven government debt.
The rest of us don't see any of this as unexpected. What else should we expect with Democrats in charge?
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