US economy follows Fed's script for slowdown
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The US economy is following the Federal Reserve script for an orderly slowdown, with inflation cooling enough to allow the central bank to keep rates steady for a second consecutive session, analysts say.
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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 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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Federal Reserve officials believed downside risks to U.S. economic growth had diminished between their May and June meetings, suggesting little likelihood that the current housing market downturn would spark a near-term cut in benchmark U.S. interest rates.
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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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An expected economic slowdown hasn't materialized, easing fears of recession ahead of the Fed's latest policy statement.
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The economy in many areas of the  United States grew at a slower pace in late July and August as  household spending softened, the Federal Reserve said in a  report on Wednesday.
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The economy slowed last month and   inflation remained in check, according to data released on   Friday, providing further support for the Federal Reserve to   hold interest rates steady when it meets next week.
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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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While the U.S. economy is at some  risk of a slowdown, it will probably avoid a recession, and any  downturn is unlikely to be severe, Dallas Fed President Richard  Fisher said on Thursday.
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The U.S. economy has come through its recent soft patch and the Federal Reserve still has some way to go to restore interest rates to more normal levels, Fed officials said on Monday.
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The US Federal Reserve opts to keep interest rates on hold for the fourth successive month amid signs of a slowing economy.
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Business & money: US will bear brunt of slowdown in economic growth, global stability report says.
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Global economic growth has reached a turning point with a slowdown now clearly under way, led by the United States, the World Bank said on Wednesday.
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The dollar edged down on Friday after  soft U.S. manufacturing data fueled the view that the Federal  Reserve may slow or even temporarily halt its tightening  campaign.
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Business & money: Â· US economy cools with housing market problemsÂ· Bank rates expected to go in opposite directions
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The economy in many areas of the United States grew at a slower pace in late July and August as household spending softened, the Federal Reserve said in a report on Wednesday.