Economists expect the recovery to remain “firmly on track” over the next two years though job growth is likely to remain slow, according to a new survey.
The latest outlook from The National Association for Business Economics, set to be released Monday, sees regular job gains resuming this quarter but no drop in unemployment below 9 [...]
Posts Tagged ‘inflation’
Poll: Economists see ‘healthy’ expansion under way
February 22nd, 2010 by Financial Writer
Tags: business economics, economists, federal debt, inflation, unemployment
more...China’s Central Bank Hits Brake on Hot Economy
February 13th, 2010 by Financial Writer
As most countries agonize over how to keep their barely reviving economies growing, China is already looking to slam on the brakes.
China’s central bank moved late Friday to reduce lending to companies and individuals by requiring large commercial banks to increase the amount of cash they park with the central bank. The move, which came [...]
Tags: central bank, China, economies growing, Federal Reserve, hot economy, inflation, lending
Obama unveils $3.83T budget with massive deficits
February 1st, 2010 by Financial Writer
President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.
The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year’s then unprecedented $1.41 trillion [...]
Tags: barack obama, businesses, great depression, inflation, unemployment
GDP data overstates economy’s health
January 30th, 2010 by Financial Writer
The U.S. economy turned in a surprisingly good performance in the fourth quarter, surging ahead by 5.7 percent on an annual basis, according to a government report released Friday.
Or did it?
President Obama was quick to highlight the economy’s progress and “the swift and aggressive actions that made it possible.” At a manufacturing company in Baltimore, [...]
Tags: action economics, economic indicators, gdp, inflation, us economy
What Americans might face next: inflation
December 31st, 2009 by Financial Writer
A historic economic crisis has left Americans with plenty of things to worry about. But is inflation one of them? And is there a risk that fretting over higher prices may actually bring them about?
The answers to these questions will help define the timing of the Federal Reserve’s pullback from an unprecedented level of monetary [...]
Tags: americans might, fed, inflation, interest rates, purchasing power
Fed sees little risk of inflation in weak economy
November 19th, 2009 by Financial Writer
Senior U.S. Federal Reserve officials said on Thursday inflation is not an immediate threat as a weak economic recovery and a grim outlook for jobs keep price pressures in check.
Charles Plosser, head of the Federal Reserve Bank of Philadelphia and Richard Fisher, his counterpart at the Dallas Fed, said the U.S. recovery was underway but [...]
Tags: economic recovery, fed, Federal Reserve, inflation, us recovery, weak economy
U.S. consumer sentiment dips in Oct: survey
October 30th, 2009 by Financial Writer
U.S. consumer sentiment slipped this month as Americans fretted about personal finances and focused on paying down debt, a survey showed on Friday.
The Reuters/University of Michigan Surveys of Consumers said its final index of sentiment for October slipped to 70.6 from 73.5 in September.
In spite of the decline, sentiment remained well above where it was [...]
Tags: Debt, finances, inflation, unemployment
Santander: Economy depends on the consumer
September 11th, 2009 by Financial Writer
Santander has said that despite optimism in the stock markets, inflation will depend on the actions of consumers.
Richard Moore, manager of the Asset Management UK arm of the banking group, made his comments following news that the FTSE 100 has reached 5,000 points.
He pointed out that consumers must now spend in order for inflation to [...]
Tags: banking group, consumers, inflation, santander
China’s economic growth accelerated to 7.9 per cent from a year earlier
July 16th, 2009 by Financial Writer
China’s economic growth accelerated to 7.9 per cent from a year earlier in the second quarter amid a stimulus-fuelled surge in consumer spending, factory output and investment, the government reported Thursday.
The growth rate for the world’s third-largest economy was up from the previous quarter’s 6.1 per cent, the National Bureau of Statistics reported. The government’s [...]
Tags: Chinese economy, consumer spending, inflation, National Bureau of Statistics