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There are signs that inflation is moderating, but a wary Federal Reserve Board isn't likely to adjust interest rates any time soon, according to testimony by Chairman Ben Bernank
Read More →The Federal Reserve announced Wednesday that it will leave interest rates where they are, at least for the time being. "Recent indicators have suggested somewhat firmer economic growth
Read More →The U.S. economy grew at an annual rate of 3.5 percent in the fourth quarter of 2006, outpacing predictions by most economists, according to preliminary estimates by the U.S. Department of Commerce.
Read More →Conditions appear to be in place for a good year for the U.S. economy, which is likely to be marked by moderate, sustainable growth and lower inflation, Federal Reserve Board Vice Chairman Donald Kohn recently told the Atlanta Rotary Club.
Read More →Manufacturing activity expanded in December following a decline the previous month, according to the latest manufacturing Report on Business issued by the Institute of Supply Management.
Read More →New orders for manufactured goods in November were up 0.9 percent from October, according to the U.S. Commerce Dept. This followed a 4.5 percent decrease in October.
Read More →The American Trucking Associations’ advanced seasonally adjusted for-hire Truck Tonnage Index plunged 3.6 percent in November after falling 1.9 percent in October.
Read More →Real gross domestic product (GDP) slowed during the third quarter of 2006 and inflation abated, according to preliminary estimates by the U.S. Bureau of Economic Analysis. Real GDP increased 2.2 percent compared to 2.6 percen
Read More →November retail sales were 1 percent higher than the previous month and up 5.6 percent from last year, according to data released Wednesday by the U.S. Census Bureau. Excluding automobiles, retail sales were up 1.1 percent
Read More →There may be a light at the end of the tunnel, but even if sales are turning around, the worst is yet to come, say Global Insight analysts Patrick Newport and Margaret Rolley. The Mortgage Bankers Association’s Market Composite Index,
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