Hoenig: Outlook &#39;generally sound&#39;
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ALBUQUERQUE, NM (CBS.MW) -- The US economy is &quot;generally sound&quot; and should not be derailed by higher oil prices, Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, said Tuesday.
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Management's predictions turn out to be right on target.
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Views you can use to get clues on tomorrow's news.
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Sentiment was steady in early September from August as shifts in outlooks among income, age groups and regions offset each other, the Reuters/University of Michigan survey showed.
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Next week's menu of U.S. economic statistics is not expected to pose any great challenges for U.S. stocks, suggesting that momentum can carry market indexes to still more record highs.
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Views you can use for clues to tomorrow's news.
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Standard &amp; Poor&#39;s on Thursday raised its outlook on Ingersoll-Rand Co. to &quot;positive&quot; from &quot;stable,&quot; citing the proposed sale of its Dresser-Rand business unit.
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The Organization for Economic Cooperation and Development (OECD) said Tuesday that the growth in all OECD countries is expected to be steady after the second quarter&#39;s stagnation.
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If forecasts for this weekâs economic data prove accurate, the economy would seem to be getting off lightly.
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CODY, Wy.  - The U.S. economy will pick up steam this year as inflation fades and current interest rates are not obstructing this recovery, Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday.
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Washington, Dec. 18. (PTI):The growth rate of United States will slow down a little bit next year though the general economic conditions &quot;look very sound,&quot; Bush&#39;s economic advisers have warned.
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A likely soft landing for the U.S. economy will not dent the recovery that is gathering pace in Europe, the OECD said Tuesday, as it raised its growth forecast for the 12 nations that use the euro and cut its outlook for the United States.
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Central bankers' economic forecast points to neutral monetary policy in coming months.
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A global economy was thought to be more stable â but not if everyone is speculating.
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The outlook for the US economy in the coming quarters is favourable despite a continued fall in personal savings, US Federal Reserve Chairman Alan Greenspan was quoted as saying on Saturday.
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LINCOLN, Neb.  - Record oil prices will only exert  a modest impact on U.S. growth which looks set for a solid  performance over the next 18 months, Federal Reserve Bank of  Kansas City President Thomas Hoenig said on Wednesday.
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Record oil prices will only exert a modest impact on U.S. growth which looks set for a solid performance over the next 18 months, Federal Reserve Bank of Kansas City President Thomas Hoenig said on Wednesday.