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THE ECONOMY.(A)
ECRI: U.S. recovery is still fragile
The Economic Cycle Research Institute's leading index fell to 117.6 in the Dec. 27 week from 118.8 the prior week. ECRI blamed higher jobless claims and weak stocks. The index's growth rate, which smooths out weekly swings, slid to -2.8% from the prior week's -1.8%.
Silicon Valley business rents fall
Rates for high-tech real estate extended a two-year slide, falling nearly 30% in '02 to $15.24 per square foot, says a survey by Cushman & Wakefield. That's far from the Q1 '01 peak of $50.88. Demand has fallen sharply as tech firms lay off workers and shutter operations. Some 30.15 mil square feet was available in Q4, up 37% over last year.
** The NBER still hasn't called an end to the recession that began in March '01 and likely ended in Nov.-Dec. of that year, said Robert Hall, head of the NBER panel that dates U.S. business cycles.
Minehan sees modest recovery
"We just need to have some patience," said Boston Fed President Cathy Minehan. She said consumer ...
- Richmond Fed president says the economy is set to grow a bit faster than most...
- Magazine article from: The Bond Buyer Patterson, Dean Davies, Stephen A. September 15, 1993 700+ words
...mild pickup in growth while inflationary pressures remain in check, a top Federal Reserve official said yesterday. J. Alfred Broaddus, president of the Federal Reserve Bank of Richmond, said he is slightly more upbeat than most economists, who are looking...
- Richmond Fed chief sees signs economy is picking up steam. (J. Alfred Broaddus,...
- Magazine article from: American Banker Cummins, Claudia September 15, 1993 700+ words
...the economy at a faster pace than anticipated, said J. Alfred Broaddus, in a speech before the National Economists Club. Gradual...rates are the economy's greatest source of strength, the Fed president said, and they could decline even further. The Fed needs...
- J. Alfred Broaddus, Jr., Former President of the Federal Reserve Bank of...
- Press release article from: PR Newswire August 3, 2004 700+ words
Owens & Minor announced today that its board of directors has appointed J. Alfred Broaddus, Jr., the former president of the Federal Reserve Bank of Richmond, to serve on the Owens & Minor board of directors...
- Veteran's Two-Words of Advice: 'Risk Management'.(Alfred Broaddus Jr. of...
- Magazine article from: American Banker Paletta, Damian August 6, 2004 700+ words
...must take bank supervision just as seriously. "Some of the institutions that we are supervising now are huge," said J. Alfred Broaddus Jr., the Richmond Fed's president for 11 years until he retired last month. "We have to be sure that they are managing...
- Broaddus to succeed Black at Richmond Fed. (J. Alfred Broaddus Jr., Robert...
- Magazine article from: American Banker November 24, 1992 700+ words
NEW YORK -- The Federal Reserve Bank of Richmond said J. Alfred Broaddus Jr. will succeed Robert Black as president on Jan. 1. Mr. Black is stepping down at the mandatory retirement age of 65, after...
- At Richmond Fed's Helm, a monetary pro. (J. Alfred Broaddus Jr. of the Federal...
- Magazine article from: American Banker Cummins, Claudia March 17, 1993 700+ words
When J. Alfred Broaddus Jr. was preparing for the president's job at the Federal Reserve Bank of Richmond, he overlooked one important detail: security...
- Moderate U.S. growth to continue, president of Richmond Fed predicts. (Alfred...
- Magazine article from: American Banker June 2, 1993 700+ words
...aside the possible effects of fiscal policy, the U.S. economy is poised for continued moderate growth, according to Alfred Broaddus, president of the Federal Reserve Bank of Richmond. Consumer spending slowed in the first quarter a "buying rampage...
- Richmond Fed chief, a payment system guardian. (Federal Reserve Bank of...
- Magazine article from: American Banker Seiberg, Jaret May 29, 1997 700+ words
As president of the Federal Reserve Bank of Richmond, J. Alfred Broaddus Jr. knows a thing or two about the retail payment system. The Richmond Fed is the headquarters of the Federal Reserve Automated...