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Topic: Economy rate


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In the News (Sat 26 Dec 09)

  
  Fed lifts rate, says economy picking up - The Boston Globe
Since the end of June, for example, the average rate on a 1-year certificate of deposit has risen to 2.24 percent, from 1.48 percent, according to Bankrate Inc., which collects data on interest rates.
Mortgage rates, in fact, have slipped since the Fed started boosting rates as an improving inflation outlook has assured bond markets the Fed won't have to raise rates aggressively this year to keep rising prices in check.
With the rate increase widely expected, stocks rallied on the statement that was released with the Fed decision.
www.boston.com /business/markets/articles/2004/09/22/fed_lifts_rate_says_economy_picking_up   (748 words)

  
 USATODAY.com - Q4 GDP reading unchanged; economy grew at 3.8% rate
WASHINGTON (AP) — The economy — supported by solid business and consumer spending — grew in the closing three months of 2004 at an annual rate of 3.8%, the same reading as a month ago, the Commerce Department said Wednesday, and it's expected to perform even better in the opening quarter of this year.
For the current January-to March quarter, the economy is expected to grow at a rate of about 4% or slightly faster, according to analysts' projections.
That was the same as a previous estimate for the quarter and down from a 5.1% growth rate in the third quarter of last year.
www.usatoday.com /money/economy/gdp/2005-03-30-gdp-final_x.htm?POE=NEWISVA   (665 words)

  
 Summary of Findings: Economy Now Seen Through Partisan Prism
Positive ratings for the economy have risen since October, when just a quarter of Americans said the economy was good or excellent.
As was the case a year ago, improving education and strengthening the economy rate behind protecting the country against terrorism.
However, the number rating the economy as a top priority has declined significantly over the past year (from 75% to 66%).
people-press.org /reports/display.php3?ReportID=268   (4700 words)

  
 Post-Halloween Jobs Report Is a Treat
While the U.S. economy faces real challenges, the October employment summary and the preliminary estimates of third quarter GDP growth show an economy that is expanding.
The unemployment rate was at 4.7 percent for the second month in a row, a very low level by historical standards.
The unemployment rate has climbed from an extremely low rate of 4.4 percent in October 2006 due to the weakening housing sector.
www.heritage.org /Research/Economy/wm1689.cfm   (1070 words)

  
 The National Economy
While 52% of Americans say the national economy is in a recession, 69% of those saying they disapprove of the way Bush is handling his job say the national economy is in a recession.
Overall, 52% of Americans say they believe that the national economy is in a recession, 22% say they do not believe the economy is in a recession, and 26% are undecided.
Of those saying they disapprove of the way Bush is handling his job, 69% say the national economy is in a recession, 8% say the national economy is not in a recession, and 23% are undecided.
americanresearchgroup.com /economy   (1323 words)

  
 Employment rate: definition, impact on Canadians' lives and related links
The employment rate denominator is the source population, not the labour force.
The employment rate shows a country’s ability to put its population to work and thereby generate income for its citizens.
Countries with higher employment rates are likely to have higher standards of living, other things being equal.
www.canadianeconomy.gc.ca /english/economy/employment.html   (172 words)

  
 Bloomberg.com: Economy
He said the federal funds rate will drop to at least 3.75 percent as housing causes the economy's growth rate to slow to between 1 percent and 2 percent from 4 percent in the second quarter.
In 1998 the Fed slashed rates in September, October and November, to 4.75 percent from 5.5 percent.
Futures on the fed funds rate traded on the Chicago Board of Trade imply a 72 percent chance of a cut to 4.50 percent at the Fed's next meeting on Oct. 31, and 55 percent odds of a reduction to 4.25 percent at the Dec. 11 gathering.
www.bloomberg.com /apps/news?pid=20601068&sid=a5XiMQI6nAHk&refer=economy   (1300 words)

  
 [No title]
One natural answer, at least to people accustomed to a market economy, is to use some kind of token or marker system: parents "earn" tokens by babysitting, then in turn hand over these tokens when their own children are minded by others.
There is a strikingly close relationship between the economy's growth rate and the rate of change in the unemployment rate; indeed, it is one of the few things economists are willing to call a "law" (Okun's Law) with a straight face.
On the horizontal axis is the economy's growth rate, on the vertical axis the rate of change of the unemployment rate (i.e., if the unemployment rate falls from 7 to 6 percent, the number would be -1).
web.mit.edu /krugman/www/howfast.html   (4808 words)

  
 Rate Cuts - Economy * US * News * Story - CNBC.com
Despite a slowing economy and layoffs in many industries, certain professions remain in high demand and are expected to weather a recession better than others.
The jobless rate -- now at 4.7% -- hit a low of 4.4 percent in March of this year and is likely to hit 4.8 percent in November.
Bhagavatula sees rates at 3.5 percent by mid-2008 and 3 percent or lower by the end of next year, saying "recession is going to happen" with GDP turning negative in the fourth quarter of 2007.
www.cnbc.com /id/22041364   (1067 words)

  
 China Economy, Chinese Economy, Economy of China
China Economy is the fastest growing economy in the world.
China has adopted measures to curb its mounting population from exceeding at an alarming rate, as its growth rate is less than that of the world's as a whole.
Although China is still among the developing countries with a relatively low per capita income, it has experienced tremendous economic growth since the late 1970s.
www.economywatch.com /world_economy/china   (287 words)

  
  Productivity, by Sylvia Nasar: The Concise Encyclopedia of Economics: Library of Economics and Liberty
Productivity—the amount of output per unit of input—is a basic yardstick of an economy's health.
By the same token, British per capita incomes in the late nineteenth and early twentieth centuries, despite the industrial revolution's dramatic breakthroughs, grew at less than one-tenth the rate of lesser developed countries during the seventies.
The rate of return to capital invested in research and development is very high, averaging more than 20 percent a year.
www.econlib.org /library/Enc/Productivity.html   (2024 words)

  
 What steps can be taken to increase savings in the United States economy? (02/2002)
Rather, the decline in the saving rate at the aggregate level was primarily the result of a behavioral response by wealthy households to a surge in stock market wealth; as this group's stock market wealth and net worth soared, it significantly reduced its saving out of current income.
In fact, we show that the well-documented decline in the economy-wide rate of personal saving over the 1990s can be attributed almost entirely to a sharp reduction in the saving rate of cohorts of families who experienced the largest capital gains.
Clearly, recent studies of the saving rate are likely to stimulate additional research on the relationships between income and wealth, and saving and consumption behavior, both at the aggregate level and for smaller demographic groups.
www.frbsf.org /education/activities/drecon/2002/0202.html   (1030 words)

  
 Economy Proves Central in McCain-Obama Duel - Kiplinger.com
The economy far outranks all other issues on the campaign trail, a fact born out in poll after poll -- in big states and small states -- and it will remain front and center this fall.
Jobs, the economy and related pocketbook issues of gas and food prices are practically central in every stump speech they give now.
He recently indicated he's open to a cut in the corporate tax rate if it's accompanied by an effort to close business loopholes.
www.kiplinger.com /businessresource/forecast/archive/economy_proves_central_in_campaign_duel_080620.html   (1395 words)

  
 The Seattle Times: Business & Technology: Growth rate of economy slows
The growth rate of the economy slowed in the second quarter as gross domestic product dropped to a 3 percent annual growth rate from the first quarter's 4.5 percent rate.
Friday: The Street is looking for the unemployment rate to remain at 5.6 percent and for about 256,000 new payroll jobs, according to Mike Alfstad of RW Smith Fixed Income in Bellevue.
The state unemployment rate for July also will be released; it could come down a bit from the 6.1 percent rate in June.
seattletimes.nwsource.com /html/businesstechnology/2001995185_dunphy03.html   (627 words)

  
 Monetary Policy in a Zero-Interest-Rate Economy - Southwest Economy - FRB Dallas
Consequently, the real interest rate—the difference between the nominal interest rate and the inflation rate—actually increased, rising from 3.5 percent in the spring of 1929 to a peak of 15 percent in late 1931 and early 1932.
Although the interest rate decline was too slow to prevent inflation from turning into deflation, the real interest rate fell from 5 percent in late 1990 to 3 percent in 1993 and to 1 percent or less in 1995, 1996 and 1997.
Market interest rates would then be free to fall into negative territory, and the Fed could continue to cut short term rates, with –6 percent as the new lower bound.
www.dallasfed.org /research/swe/2003/swe0304a.html   (3564 words)

  
 State of the U.S. Economy - Poole Speech - St. Louis Fed
Given that the economy’s actual growth cannot permanently exceed its potential growth, it was inevitable that some slowing was to occur.
As the growing economy absorbed underutilized labor and capital resources, the Fed gradually raised its target for the federal funds rate from 1 percent in 2004 to 5¼ percent in June of last year.
Following relatively anemic rates of growth in the second and third quarters of 2006, growth of real GDP during the fourth quarter picked up nicely, rising to a 3.5 percent annual rate.
www.stls.frb.org /news/speeches/2007/02_09_07.html   (4693 words)

  
 U.S. economy still growing at strong rate - Stocks & economy- msnbc.com
Before the report was released, they were forecasting the economy to clock in at a 3.6 percent annual rate.
Core inflation rose at a rate of 1.3 percent in the third quarter, down from a 1.7 percent pace in the second quarter.
The unemployment rate climbed to 5.1 percent, from a four-year low of 4.9 percent in August.
www.msnbc.msn.com /id/9849583   (776 words)

  
 BBC News | The Economy | Rate cut decision in balance
The decision to cut UK interest rates hangs in the balance as the Bank of England's experts conclude their monthly meeting.
Ian Peters, deputy director general of the British Chambers of Commerce, said that economic data were showing "a stagnant economy, disappointing retail sales figures and exchange rate pressures forcing manufacturers to cut margins to the bone".
Marian Bell, head of research at Royal Bank of Scotland, said the MPC should keep rates on hold as previous cuts in the cost of borrowing had yet to work their way through the economy.
news.bbc.co.uk /1/low/business/the_economy/363801.stm   (557 words)

  
 Prime Rate
Simple fact is, short-term rates, like the U.S. Prime Rate, won't go any lower this year, and may even go up within the next six months as the Fed may need to take action to keep inflation in check.
This means that short-term interest rates, including the U.S. Prime Rate (currently at 5.0%), are not likely to go any lower this year.
This is a great time to lock in a favorable rate on a non-mortgage loan, especially if the loan in question has a fixed interest rate (FYI: if it's a home loan you're after, mortgage rates are still looking good).
www.wsjprimerate.us /wsjprimerate/blog.htm   (2268 words)

  
 Gallup Daily: 39% of Americans Rate Economy as Poor
Republicans are about twice as likely to rate the economy positively as negatively, in stark contrast to Democrats' and independents' ratings.
Blacks' lower ratings may stem from the fact that they are highly Democratic in their political orientation and tend to have lower household incomes, on average.
Those at the low end of the income scale are three times more likely to rate the economy as "poor" than to rate it as "excellent" or "good." Those at the high end of the scale are about equally likely to give either a positive or a poor rating.
www.gallup.com /poll/104860/Gallup-Daily-39-Americans-Rate-Economy-Poor.aspx   (608 words)

  
 The Swamp: Economy Archives
Five months ago, with the economy thought to be teetering on the edge of recession and voters growing anxious about the rising costs of food and fuel, Republicans and Democrats worked quickly to pass the economic stimulus package that saw tax rebate checks sent to 130 million American households.
Bernanke noted the large rise in the May unemployment rate to 5.5 percent from five percent but said that particular bit of bad news didn't mean the wheels were coming off the economy.
However, the governor draws a lower rating on his handling of Ohio's economy, with 51 percent voicing approval, 38 percent disapprove and 11 percent neither approval nor disapproval.
www.swamppolitics.com /news/politics/blog/economy   (4832 words)

  
 Prime Rate | Federal Funds Rates Discount Rate Fed Fund Reserve Lending COFI
The prime rate, as reported by the Wall Street Journal's bank survey, is among the most widely used benchmark in setting home equity lines of credit and credit card rates.
The fed funds rate is the primary tool that the Federal Open Market Committee uses to influence interest rates and the economy.
Changes in the fed funds rate and the discount rate also dictate changes in the Wall Street Journal Prime Rate, which is of interest to borrowers.
www.bankrate.com /brm/ratewatch/leading-rates.asp   (289 words)

  
 European Central Bank lifts key interest rate - Stocks & economy- msnbc.com
Trichet seemed to signal at last month’s meeting that a rate increase was imminent, when he said the bank was being “vigilant” in monitoring inflation risks.
The bank’s goal is to keep the rate at close to but less than 2 percent.
Germany — Europe’s largest economy — had cautioned the bank this week against any interest rate increase, saying that inflation in many EU countries was largely a result of factors within individual nations including excessive real-estate prices, generous wage settlements and excessive credit.
www.msnbc.msn.com /id/13200890   (699 words)

  
 Commentary: Handling the Hot-Rod Economy
After years of dispute, there is a new consensus forming around the proposition that the economy's rate of sustainable growth is 3% or greater, much higher than most economists had considered possible without igniting inflation.
Without direct signs of inflation, the June 30 hike was mainly an attempt to bring the rate of economic growth back into the safety zone of around 3%--after hitting 6% in the last quarter of 1998 and 4% in this year's first quarter.
The notion that the economy is capable of a new level of noninflationary growth is permeating the budget debate as well.
www.businessweek.com /@@ZRGyKIQQEb*opw0A/1999/99_28/b3637078.htm   (1056 words)

  
 BBC News | The Economy | Rate cut hopes fade
Mr Greenspan's comments disappointed traders and caused shares to fall in New York, before a late rally inspired by President's Clinton's comments that he is determined not to resign.
However, Mr Greenspan did not rule out a co-ordinated rate cut in the future, saying that US officials are staying in close touch with other industrialised countries.
It warns that the world economy is on a knife-edge and could go into a full-blown recession, unless urgent action is taken in Europe and Asia.
news.bbc.co.uk /1/hi/business/the_economy/172889.stm   (494 words)

  
 Goodbye rate cuts, hello hike? - Jun. 5, 2007
Exhibit one on what's next for rates: the Treasury bond market, where traders have bid up long-term bond yields as they bet that the Fed won't cut rates - and that the central bank may actually have to tighten credit later this year if the economy - and inflation - pick up.
While first-quarter economic growth came in at a 0.6 percent rate, the slowest since 2002, Federal Reserve Chairman Ben Bernanke said Tuesday that the economy should grow at a "moderate" pace in the next few quarters, strengthening the belief that rate cuts were less likely.
Interest rate futures traded in Chicago show traders are betting there's nearly a 40 percent chance the Fed will raise rates by the year-end - a possibility practically unheard of as recently as a month ago, according to Harris Private Bank.
money.cnn.com /2007/06/05/news/economy/bernanke/index.htm?postversion=2007060516   (1074 words)

  
 Hot economy fuels rate fears - Business - Business - theage.com.au
Financial markets are now saying a rate rise is 40 per cent likely, while five out of the 24 economists surveyed by Bloomberg are predicting the Reserve will lift rates, to 6.5 per cent, at its next meeting on February 6.
The CPI is important because it is the key measure of inflation and it's the Reserve's mandate to use its interest rate lever to control inflation — it tries to keep inflation between 2 and 3 per cent a year in the medium to long term.
On the other hand, Macquarie Bank interest rate strategist Rory Robertson says the last thing the Reserve wants "is to put its fingerprints on the next recession" by pushing rates too high and crippling the economy.
www.theage.com.au /news/business/hot-economy-fuels-rate-fears/2007/01/20/1169096027654.html   (860 words)

  
 Low unemployment rate helps economy : News : Abilene Reporter-News
WASHINGTON -- Employers hired at a moderate pace in November and the unemployment rate held steady at a relatively low 4.7 percent, reassuring signs for an economy that is fighting to avoid a recession.
That was down from a surprisingly strong gain of 170,000 jobs in October but was still sufficient to prevent the unemployment rate from rising.
The health of the nation's job market is a critical factor in determining whether the economy will, in fact, weather the stresses from the housing collapse and credit crunch.
www.reporternews.com /news/2007/dec/07/low-unemployment-rate-helps-economy   (423 words)

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