US Economy's 'Soft Patch' to Linger -UCLA
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The U.S. economy will linger  through a "soft patch" for the foreseeable future and a  pullback in consumer spending could trigger a recession within  the next two years, according to a widely watched forecast  issued on Wednesday.
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WASHINGTON: The US economy is pulling out of its recent soft patch and appears to be picking up steam, Federal Reserve chief Alan Greenspan said yesterday in remarks economists saw as cementing a September rate rise.
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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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A "whiff" of stagflation will  linger about the U.S. economy through next year as growth slows  and inflation holds at a level higher than the Federal Reserve  would like, according to the latest UCLA Anderson Forecast  report.
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NEW YORK  - 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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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 U.S. economy is on track after a weak stretch and an uptick in consumer prices seems to have passed, Dallas Federal Reserve Bank President Robert McTeer said on Tuesday.
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The US economy has escaped a recent soft patch and seems to be picking up steam, Federal Reserve chief Alan Greenspan said on Wednesday in remarks economists saw as cementing a September rate rise.
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US President George W. Bush warned Tuesday that "it's going to take a while to work through the downturn" in the crisis-hit US housing market, but said the US economy was resilient.
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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 latest economic data point to an acceleration in the US economy after the weakest growth in over four years, but some analysts say a full recovery is not yet in sight.
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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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The U.S. economy will be penalized by  the current crisis in credit markets but the overall outlook  was still benign, U.S. Treasury Secretary Henry Paulson said in  a newspaper interview published on Thursday.
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Treasury Secretary Henry Paulson said on Tuesday that the U.S. economy remains resilient and has healthy long-term fundamentals, but has slowed "materially" in recent weeks and needs a short-term stimulus.
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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 U.S. economy is pulling out of a  June soft patch and picking up steam, Federal Reserve chief  Alan Greenspan said on Wednesday in remarks economists saw as  cementing a September interest-rate rise.
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President of the US Federal Reserve Bank of Atlanta Jack Guynn said on Wednesday that the soft patch that the US economy hit recently was likely to be short-lived.