U.S. economic growth edged up as expected in the third quarter, but not enough to chip away at high unemployment or change perceptions of more monetary easing from the Federal Reserve next week.
Gross domestic product expanded at a 2.0% annual rate as consumer spending rose at its quickest pace since 2006 and businesses continued to [...]
Posts Tagged ‘economic activity’
Consumer spending lifts U.S. growth
November 17th, 2010 by Financial Writer
Tags: bank, barack obama, borrow, borrowing, borrowing costs, business, business inventories, businesses, buyers, central bank, commerce department, consumer, consumer spending, Debt, deficit, democratic, economic, economic activity, economic growth, economist, economists, economy, energy, exports, fed, Federal Reserve, Florida, gdp, government, government spend, increase, inflation, interest rate, interest rates, inventories, Invest, investment, monetary, mortgage, obama, president, rate, spending, unemployment, us
more...G-20 powers agree to Geithner currency and trade plan
October 23rd, 2010 by Financial Writer
Finance ministers from the world’s major nations agreed to a U.S.-brokered plan for easing tensions over exchange rates and world trade patterns, saying that a “fragile and uneven” economic recovery was at risk if top powers pursued conflicting policies or used the value of their currencies to gain an edge for their exports.
Aiming to head [...]
Tags: economic activity, economic recovery, Federal Reserve, financial leaders, g20, World Financial
China not headed for currency war- Geithner
October 1st, 2010 by Financial Writer
The United States and China can manage differences over Beijing’s currency policies without starting a trade war that damages both sides, U.S. Treasury Secretary Timothy Geithner said on Thursday.
“We’re not going to have a trade war. We’re not going to have currency wars,” Geithner said one day after the House of Representatives passed legislation authorizing [...]
Tags: economic activity, economic recovery, economy recovery, financial system, Global Economy, Global Markets, IMF, loans, money
Dear Bernanke: QE2 Needs To Be Full Steam Ahead
September 28th, 2010 by Financial Writer
Whatever you take from Tuesday’s economic data — consumer confidence gauges probably get more credit than they should, but falling back to February levels certainly isn’t good — it seems clear that the Federal Reserve will be grappling with a mixed view on the U.S. recovery when it next gathers for an FOMC meeting November [...]
Tags: central bank, economic activity, economic growth, economy recovery, Federal Reserve, financial system, us economy
Chinese manufacturing snaps out of slowdown
September 1st, 2010 by Financial Writer
China’s manufacturing economy staged a moderate rebound in August after slowing for several months under the onslaught of government measures to rein in credit and deter property speculation.
Despite encouraging signs of stabilization in a pair of business surveys released on Wednesday, analysts cautioned that the robust domestic economy would have to battle the headwinds of [...]
Tags: Chinese economy, economic activity, economic growth, economists, precious metal
Vital Signs: A More Upbeat Fed?
August 2nd, 2010 by Financial Writer
On deck: FOMC meeting, leading indicators, home prices, home sales, durable goods, consumer sentiment.
The main event for the markets this week will be the Federal Reserve’s two-day policy meeting, beginning on Tuesday and concluding with the Fed’s always eagerly–awaited policy statement at 2:15 p.m. on Wednesday. Analysts expect the Fed to sound a bit more [...]
Tags: ben bernanke, commercial real estate, economic activity, economists, Federal Reserve, home prices, home sales, interest rates
Consumer borrowing falls sharply in November
January 9th, 2010 by Financial Writer
Americans borrowed less for a 10th consecutive month in November with total credit and borrowing on credit cards falling by the largest amounts on records going back nearly seven decades.
The dramatic declines raised new worries about whether consumers will cut back further on spending, making it harder for the economy to mount a sustained rebound.
The [...]
Tags: borrowing, consumer, credit cards, economic activity, economic recovery, Federal Reserve
Asian stocks rose, the last day of a torrid quarter
June 30th, 2009 by Financial Writer
Asian stocks rose on Tuesday, the last day of a torrid quarter, as investors added to trades based on a rebound in economic activity, while funds slashed bets against a fall in oil prices to keep crude on track for its biggest quarterly gain in 19 years.
Major European stock indexes followed Asia’s example by opening [...]
Tags: Asian stocks, economic activity, torrid quarter, US Treasuries