At the margin they reinforced our growing sense that Fed tightening might stop before the federal funds rate reaches the 5 percent level we are currently forecasting. |
Fed officials do not want to risk overreaction by the markets, ... This would undermine financial conditions at a time when the Fed needs growth to stay above its potential rate. |
Fed officials do not want to risk overreaction by the markets. This would undermine financial conditions at a time when the Fed needs growth to stay above its potential rate. |
For example, the lowest-wealth quartile has no net worth on balance, while the next quartile has controlled only about 3 percent of the total, and the top 10 percent have held about two- thirds. These figures have changed little over the past decade, a fact that attests to the difficulty that many households have in accumulating wealth. |
His answers to these questions will probably confirm that he, like most other economists, was born with two hands. |
If home prices flatten out--and we are expecting that--it has a slowing effect on the economy. |
It defies common sense and lots of careful research to think that the highest-rated credit on the planet can borrow half a trillion dollars a year without pushing aside some private investment and ultimately hurting productivity growth. |
It may just be that, in this slow-motion labor market that we have, a lot of younger people have opted for schooling that will take them out of the job market for a while, |
It's debatable how much the dividend-tax elimination will stimulate the economy, particularly in the short run. |
Movements in the unemployment rate will tell Fed officials whether growth is absorbing unused capacity. |
Seen in this light, ... the employee discount program was an enormously successful marketing coup. |
The fiscal picture wasn't very good before and it's worse now. |
The prospect for price improvement depends on the performance of the Asian and European economies, who are big users of metals, and the prospects are getting better. There's still a lot of uncertainty there, but relatively speaking the signs are fairly encouraging. |
We see sturdy hiring as a factor that continues to support U.S. economic growth. |
Whenever you have a collapse in a particular output price -- and we certainly saw a lot of that following Asia's decline -- it places a lot of pressure on companies to deal with keeping their revenues up. In that context consolidation isn't a big surprise. |