Investor's Business Daily (06/16/08) P. A1; Stoddard, Scott
Better-than-anticipated economic data, rising consumer prices and inflation warnings by Federal Reserve Chairman Ben Bernanke have raised expectations that the central bank will boost interest rates by the end of 2008. Housing data, retail sales and factory orders have improved as of late, especially with the federal stimulus checks giving a boost to consumer spending. However, the same Beige Book report that sees signs of companies raising prices also said economic activity was "generally weak."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment