US growth to moderate, financial group says
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The US economy will expand at a more moderate pace in 2007, according to a Securities Industry and Financial Markets Association forecast issued yesterday.
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The US economy saw limited growth from mid July, says the Federal Reserve in its Beige Book survey.
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US economic growth is set to quicken as a healthy jobs market offsets weakness in the housing sector, a survey predicts.
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The US economy grew at an annual rate of 3.3 percent in the spring, the government reported Wednesday. That was significantly better than a previous estimate but still the weakest showing in more than a year.
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U.S. economic growth is expected to slow in 2005 due to rising interest rates and high crude oil prices, according to a forecast of participants at a Federal Reserve Bank of Chicago conference released on Monday.
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The US economy grew at a pace of 2.2% in the last three months of 2006, down from a previous estimate of 3.5%.
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Economic growth will likely pick up  modestly in the second half and then return to near-trend  growth in the first half of 2008, according to a survey  conducted by the Philadelphia Federal Reserve Bank.
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Federal Reserve decision-makers said downside risks to U.S. economic growth posed by a housing market slowdown were "more balanced" at its June meeting than in May, according to minutes of the meeting released on Thursday.
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The U.S. economy grew overall from  mid-July to late August, the Federal Reserve said on Wednesday,  but five of the 12 Fed districts reported slowing growth as  residential construction slackened and energy costs rose.
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U.S. consumers will curb spending this year after being hit by continued troubles in the housing sector, but business investment is set to pick up, adding to economic growth later this year, according to a survey of economists released on Sunday.
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The U.S. economy grew at a weaker-than-expected 3.1 percent annual pace in the final quarter last year, its slowest since the beginning of 2003 as the country's trade performance deteriorated and inflation picked up, a government report on Friday showed.
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U.S. consumers will curb spending  this year after being hit by continued troubles in the housing  sector, but business investment is set to pick up, adding to  economic growth later this year, according to a survey of  economists released on Sunday.
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A slowdown in US economic growth during the second quarter was not as sharp as previously thought, the Commerce Department reported today.
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Housing data and a gauge of business  spending in June released on Thursday signaled slower U.S.  economic growth ahead, leading many to believe the Federal  Reserve is less likely to raise interest rates next month.
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Economic growth will likely pick up modestly in the second half and then return to near-trend growth in the first half of 2008, according to a survey conducted by the Philadelphia Federal Reserve Bank.
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The White House on Tuesday lowered its forecast for U.S. economic growth for this year and next, saying that the economy is moderating.
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US economic growth slowed more than expected in the second quarter of 2006, revised official data says.