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THE ECONOMY.(TO THE POINT)
Fed says U.S. doesn't look beige
The U.S. economy showed continued growth from mid-Oct. to mid-Nov., with "a number of areas improving," the Federal Reserve said in its beige book report. Hiring picked up, with shortages in accounting, construction and energy industries. Consumer spending was uneven, but manufacturing and service sectors improved.
U.S. rates have to keep rising
Monetary policy is still too accommodative, so the Federal Reserve will have to keep raising interest rates, said San Francisco Fed President Janet Yellen. The question is, "By how much and at what pace," she said. From a 40-year low of 1%, the Fed has raised the fed funds rate by a quarter-point at each of the last 4 meetings, to 2%. Most economists expect the Fed to raise rates again on Dec. 14 and several times in '05.
** U.S. home prices rose 12.7% in Q3 vs. a year ago, the best 12-month gain in 25 years, the Office of Federal Housing Enterprise Oversight said. Low mortgage rates fueled the rise, the federal regulator said.
CEOs a ...
- Construction Spending Rebounds Unexpectedly
- Newspaper article from: The Journal Record Katherine Hobson June 3, 1995 700+ words
...consumers to buy. Construction spending rose 0.4 percent...showed. In March, construction spending declined by 0...percent decline in construction spending for April, according...suffered as the Federal Reserve's seven increases...
- CONSTRUCTION SPENDING JUMPS.(Main)
- Newspaper article from: Albany Times Union (Albany, NY) January 2, 1990 700+ words
...and government construction spending totaled a seasonally...20 percent of construction spending, combined with...7 percent. Construction spending fell to a yearly...brought about by the Federal Reserve efforts to restrain...
- Treasury and Federal Reserve Foreign Exchange Operations.
- Newspaper article from: Federal Reserve Bulletin Fisher, Peter R. Faulkner, Ryan December 1, 2000 700+ words
...Vice President, Federal Reserve Bank of New York...Treasury and the Federal Reserve System for the period...Stabilization Fund and the Federal Reserve System, was coordinated...survey for July, and construction spending for June. During...
- Construction Spending Falls For Third Month in a Row
- Newspaper article from: The Washington Post May 6, 1989 700+ words
Construction spending declined for a third consecutive...billion, represented the first time construction spending has fallen for three consecutive...because of the campaign by the Federal Reserve to push interest rates higher...
- CONSTRUCTION SPENDING UP AS EXPECTED.(BUSINESS)
- Newspaper article from: Albany Times Union (Albany, NY) October 3, 1996 700+ words
...commercial buildings boosted construction spending in August, but the increase...many analysts believe construction spending in the third quarter will...quarter,'' he added. The Federal Reserve has been expecting economic...
- CONSTRUCTION SPENDING DROPS 0.3% IN MARCH
- Newspaper article from: The Journal Record May 2, 1989 700+ words
WASHINGTON (AP) - Construction spending declined for a third straight...represented the first time construction spending has fallen for three consecutive...because of the campaign by the Federal Reserve to push interest rates higher...
- Construction Spending Construction Spending Growth Slows in October
- Newspaper article from: The Journal Record December 2, 1994 700+ words
WASHINGTON (AP) _ Construction spending inched up 0.9 percent in October despite a fall in residential...rates, which have been boosted six times this year by the Federal Reserve as it has tried to slow the economy and restrain inflation...
- Construction spending grows by 0.7 percent, hits record level.
- Newspaper article from: The Milwaukee Journal Sentinel (Milwaukee, Wisconsin) (via Knight-Ridder/Tribune Business News) March 2, 2005 700+ words
...Daykin Mar. 2--U.S. construction spending increased 0.7 percent...Department report. The Federal Reserve's repeated increases in...more than half of U.S. construction spending, increased 0.4 percent...
