Download file to see previous pages
Demand for non-financial services was also reported to have strengthened including transportation and professional services (Federal Reserve Bank, 2013).
By the beginning of March 2012, the US economy was reported to continue flourishing at a modest to moderate pace and economic activities rose at a faster rate in various states. Most states also recorded an economic improvement in various sectors such as manufacturing, agriculture, real estate and construction industry, banking and services as well as tourism and hospitality industry. The hiring rate was also reported to have increased significantly across several districts. Consumer expenditure was reported to be positive in various states examined. Positive findings were also reported by a similar study conducted in mid-April same year and in the beginning of June (Federal Reserve Bank, 2013).
However, despite the positive reports about the performance of the US economy, the agriculture sector was reported to have been affected by the continuous drought conditions in various districts like the Atlanta, Minneapolis, Kansas City, and Dallas. This affected the planting exercise of corn and wheat in areas like Chicago, Minneapolis and Minneapolis. Uncertainty about future demands was another key factor that affected the country’s economy in a tremendous way. The mid April report indicated that some employers preferred to hire employees part-time or temporarily for fear of uncertainties in the future. Such cases were reported in Richmond, Atlanta Districts Boston, Cleveland, Atlanta, Chicago, Kansas City, and Dallas Districts and many employers termed it as a strategy of containing production costs. Therefore, unemployment and drought can be termed as some of the issues that were affecting the US economy.
Inflation was another main issue that threatening the country’s economy. This led to demand for salary and
...Download file to see next pagesRead More
That battle has been highlighted by the recent award going Apple's way, to the tune of more than a billion US dollars in compensation. This is due to an American jury finding that Samsung had infringed on valuable Apple patents tied to the latter's iPhone line.
In March, Roosevelt declared a banking holiday. Both the public and the congress placed the blame of depression on the nation’s commercial banks. The act argued that some policies, which support the entry of commercial banks into investment businesses, outweigh the dangers that arise from investing.
It was expected that the government deficit would go down by approximately half. It was also estimated by the Congressional Budget Office that the fiscal cliff would pass through a moment of placid recession and unemployment then result in economic growth and a stronger labor market (Wall, 2012).
For example, what to buy at the store, or how many products a company will make. The opposite is macroeconomics. Macroeconomics is that branch of economics in which we deal with the overall performance, nature, structure and behavior of a national or regional economy.
Once the proposed hospital’s capital has been decided, the desired method of the capital funding needs to be determined. In the US hospital industry, approximately 50% of the assets are financed through equity and 50% through debt.
r-than-predicted growth rate of gross domestic product for the first quarter, the economists believe the decline is temporary and will pick up in the coming months. Economists predict a decrease in oil prices and unemployment rate, and an eventual increase in interest and
0 billion every month by which it expects to reduce the interest rates in the long run, encourage buying of other assets such as stocks and decrease dollar appreciation though the program directly aims at the housing sector which is on the verge of stabilization. However,
As the author of the article puts it, Ben Bernanke, the Fed Chairman, has assumed that the high unemployment rate, above 6.5 percent, would continue at least until mid-2015. Besides, the unemployment rate for the month of December 2013 is estimated at 6.7 percent and it is quite likely that the targeted unemployment rate of 6.5 percent will be achieved soon.
These comments are encouraging as they offer investors a hint that the Federal Reserve might suspend or slow a pullback in economic stimulus in the event that the US economy weakened. Yellen assures that this pullback is ‘not on a preset course' and could only be modified if the Fed’s outlook has a significant change.