Archive for December, 2010
WASHINGTON – The Central Bank of the United States (Federal Reserve / Fed) predicted the economy in 2010 and 2011 more slowly than previously forecast due to high unemployment.
The Fed’s latest projections presented Tuesday (23/11) when Washington described the gloomy U.S. economy in the recovery period. At the meeting which followed high-ranking member of the Fed, the U.S. economy is projected to grow only 2.4 to 2.5 percent this year and 3 to 3.6 percent in 2011.
On projection last June, the Fed forecast U.S. growth this year could reach 3 to 3.65 percent and from 3.5 to 4.2 percent in 2011. The Fed also said the U.S. unemployment rate this year will not fall below 9.5 percent and 8.5 percent in the next year or the equivalent of 15 million is estimated. Condition influence the level of trust Americans to the Obama administration.
Fed’s latest meeting a few weeks ago after the Federal Open Market Committee (FOMC) decided flushing the fund amounted to $ 600 billion to buy bonds in order to boost the economy. “Given the ongoing recovery in recent months run a simple majority of panel members agreed on the Fed’s latest decision to the economy,” said one of the sound of the Fed meeting. Read the rest of this entry »
NEW YORK – The Dow and S & P 500 posted their biggest gain in three months on Wednesday because of the efforts to resolve the debt crisis of the European Union.
Reported by Reuters on Thursday (12/02/2010), this news helped push the S & P index above 1,200, thus providing an important signal of potential rally that continues.
The broader S & P 500 was off course on stock trading recently that could make investors panic before eventually subside. Investors focused on the assessment that many analysts said the price of cheap stocks, but the average volume in the fund managers did not fully participate.
On average, the Dow Jones Industrial (DJI) raced 249.76 points, or 2.27 percent to 11255.78. Standard & Poor’s 500 Index’s (SPX) rose 25.52 points, or 2.16 percent, to 1206.07. While the Nasdaq Composite Index (IXIC) added 51.20 points, or 2.05 percent, to 2549.43. Read the rest of this entry »