A recent FoxBusiness article takes a look at the state of the economy. The author’s conclusions: The economy has remained “weak or deteriorated further,” that according to Ken Sweet, a FoxNews correspondent. A survey released by the Federal Reserve supports the idea that the economy is getting stronger and many districts feel that fiscal change won’t really be seen until the end of 2009. The Fed also believes that even with the stock market gaining momentum and business expectations looking more positive, the economy has not really displayed signs of improvement.
The Fed also looked at other key areas that shed light on the state of the economy. Manufacturing was down slightly, while Oil prices were on the rise. Limited credit was a factor because it impedes a consumer’s ability to purchase automobiles. On a positive note the Fed stated that new home sales were on the rise and new home construction had stabilized at lower levels. There were, however, no additional signs of rising inflation rates.
LINK:
http://www.foxbusiness.com/story/markets/economy/fed-economy-deteriorated-april/
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