Fed Experts Predicted &#39;Solid&#39; Growth Ahead
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The Federal Reserve&#39;s staff predicted in August that the US economy would grow at a &quot;solid&quot; pace through next year, in part because interest rates would remain relatively low during that time.
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The U.S. economy should perform well  this year and in 2007 despite higher energy prices, the Federal  Reserve said in its 2005 report on Monday.
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Stock index futures rose on Wednesday before Federal Reserve Chairman Ben Bernanke's congressional testimony, which could give a hint about the outlook for interest rates, and retail sales data.
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US stock-index futures rose after comments from Federal Reserve Governor Susan Bies bolstered optimism the pace of economic growth may be sustained.
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WASHINGTON -- Inside the U S Federal Reserve headquarters, a small team is testing a forecasting program that does the work of hundreds of economists. Never before has the Fed been able to crunch in real time such a large mountain of data -- as many as 150 indicators -- to divine where the economy is headed.
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The Fed chairman delivers a modestly upbeat prognosis that may signal an interest rate increase before Election Day. BY JEANNINE AVERSA.
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Investor's Business Daily - The economy continues to grow at a decent clip with inflation well in hand, Federal Reserve Chairman Alan Greenspan told Congress Wednesday.
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The Federal Reserve is likely to announce a quarter-point rise in the federal funds target rate from 1.75 percent to 2.0 percent, economists and traders agree.
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Analysts expect continued growth despite a tough environment.
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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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Observers widely expect the U.S.  Federal Reserve to raise U.S. interest rates by a  quarter-percentage point at the conclusion of a two-day meeting  that opens on Tuesday as the U.S. economy is growing steadily.
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Although economists have mixed opinions whether the economy has emerged, most believe it is in good enough shape for the Fed to boost rates.
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The US economy will grow solidly in 2005 and the outlook is similar under President George W Bush or John Kerry, top US business economists said in a survey released today.
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High oil prices will probably brake U.S. growth but will not derail the economy provided they do not rise sharply from current levels, top Federal Reserve policymakers said on Tuesday.
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A Federal Reserve report painted a generally positive picture of an expanding economy Wednesday, while noting that in some regions, including California and neighboring states, &quot;growth had moderated somewhat.
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LOOKING FORWARD: Economists predict that the Federal Reserve will probably keep dropping rates for much of the year in order to boost the economy .
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U.S. economic expansion remains on track and inflation under control, top Federal Reserve officials said Wednesday in comments likely to reinforce views the Fed will hike rates again this year.