Fed: Most of U.S. sees moderate growth
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Most parts of the country managed to enjoy moderate economic growth in the late fall despite troubles in the housing market and the automotive industry.
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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 upbeat outlook from Federal Reserve Chairman Alan Greenspan has failed to convince many economists, who argue that the United States is likely to see tepid growth at best in the near future.
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The U.S. economy continued to grow  in the final weeks of the fourth quarter but the pace of  activity slackened amid subdued holiday spending and a weak  housing sector, the Federal Reserve said on Wednesday.
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U.S. economic growth should rebound in  the course of 2007 after hitting a soft patch in the first  quarter and the main threat to the economy is inflation, a top  Federal Reserve official said on Friday.
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The Federal Reserve said the economy appeared to be growing at a âmoderateâ pace but offered a somewhat cautious reading on inflation.
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The U.S. economy is forecast to slow slightly next year, and inflation is expected to ease from this year's pace, the Philadelphia Federal Reserve Bank said on Tuesday.
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The U.S. economy grew slightly better than first estimated in the first quarter, but still at the weakest pace in more than four years and inflation grew as well, data on Thursday showed.
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The U.S. economy grew overall during  June through mid-July but some regions reported slowing  activity, and there were scattered reports of rising prices,  the Federal Reserve said on Wednesday.
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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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Data released on Friday showed the   U.S. economy slowing with inflation in check last month,   providing further support for the Federal Reserve to hold   interest rates steady when it meets next week.
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Federal Reserve Chairman Ben Bernanke said on Wednesday a sharp slide in stock markets this week has not changed the Fed's outlook for moderate U.S. growth.
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The U.S. economy will barely manage to  grow in the first quarter this year while inflation will remain  somewhat elevated, a quarterly survey issued by the  Philadelphia Federal Reserve Bank showed on Tuesday.
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The U.S. economy grew at a healthy 3.7 percent annual rate in the third quarter this year, bolstered by strong consumer spending and accompanied by the lowest inflation in decades, the Commerce Department said on Friday.
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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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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 net wealth of U.S. households   rose in the second quarter but domestic debt grew at the   slowest pace since the first quarter of 2002 as household   mortgage and business debt growth moderated, the Federal   Reserve said on Tuesday.