Yellen: Economic slowdown could spread to 2007
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EMERYVILLE, California  - A slowdown could keep   the U.S. economy from growing at a sustainable pace into   sometime next year, San Francisco Federal Reserve President   Janet Yellen said on Tuesday.
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A cooling housing market is likely to trigger a slowdown in the U.S. economy next year and could weigh on the global economy as well, the International Monetary Fund said Thursday.
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The slowdown may signal that the economy is shifting down a notch from its unexpectedly robust pace of growth at the end of last year.
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The global economy is likely to slow due to the impact of a big correction in the U.S. balance of payments deficit but should avoid recession, Italian Economy Minister Tommaso Padoa-Schioppa told the Financial Times.
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WASHINGTON -- Despite soaring oil prices and a slumping dollar, the United States enjoyed a banner year in terms of economic growth in 2004, but the new year is likely to see a significant slowdown, private economists say.
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The United States economy faces a significant economic slowdown that should lead the Federal Reserve to ease interest rates, a senior O.E.C.D. official said today.
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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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Federal Reserve economists think aging  workers and a shrinking workweek mean the maximum sustainable  U.S. economic growth rate may slow, Fed Governor Frederic  Mishkin said on Thursday.
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The U.S. economy will slow sharply this year and fall behind growth rates in most of the world, according to forecasts in a U.N. report released Wednesday.
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Wall Street may find itself on the   defensive next week if reports on housing and growth suggest   that the United States economy is headed for an acute slowdown   despite the Federal Reserve's pause in its two-year cycle of   interest-rate increases.
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The Fed is tightening, but long-term rates aren't keeping up. Some worry that economic growth will slow.
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DAVOS, Switzerland  - The U.S. economic slowdown is typically short and shallow and Washington's monetary and fiscal rescue packages will lift the economy, former U.S. Treasury Secretary John Snow told Reuters.
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The I.M.F. said a cooling housing market is likely to trigger a slowdown in the United States economy and abroad.
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The economy is set to grow at a  sluggish pace in coming months but there are risks that  elevated levels of inflation excluding food and energy may not  recede, Federal Reserve Chairman Ben Bernanke said on Tuesday.
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WASHINGTON -- Strained by an ailing housing market and credit woes, the economy in 2007 is expected to log its worst growth in five years and should be somewhat sluggish next year.
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San Francisco Federal Reserve Bank President Janet Yellen said on Monday that current financial market turmoil has added "appreciably" to downside risks for the U.S. economy.
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Wall Street may be on the defensive  this week if reports on housing and growth suggest the United  States economy is headed for an acute slowdown.