The American Economy …still fighting headwinds Modest U.S. economic growth returned during 2009’s third quarter, followed by more robust performance during the October to December period, the strongest quarterly growth in six years. Positive but less impressive growth seems on tap during 2010, with the economy still fighting the “headwinds” of housing and commercial real [...]
Archive of posts tagged Federal Reserve
This Way to the Exit
The Federal Reserve’s modest increase in its largely symbolic discount rate on February 18 was perhaps the most visible sign yet that its “exit strategy” is well underway. More moves to the exit will be undertaken in coming weeks and months, including the previously announced cessation in late March of its mammoth purchase of mortgage-backed [...]
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