US Economy Is Strong with Low Inflation
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Falling energy costs pulled down  U.S. consumer prices last month, but core inflation inched up  and housing starts surged, according to data on Wednesday that  bolstered expectations for a steady diet of interest-rate  rises.
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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 US economy grew 4% in the second quarter of the year, a much stronger performance than first thought.
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Robust consumer spending on cars,  furniture and food in the third quarter helped the U.S.   economy advance more quickly than first thought, a government  report showed on Tuesday, while underlying inflation was the  tamest in decades.
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US Federal Reserve members saw evidence earlier this month that economic conditions were strengthening while inflation risks remained to the &quot;upside,&quot; according to minutes released Wednesday.
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The United States is strongly committed to a strong U.S. dollar and financial markets there are recovering from the subprime loan crisis even if the housing market has yet to touch bottom, U.S. Treasury Secretary Henry Paulson said on Tuesday.
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The dollar was generally firm Thursday as the market digested stronger-than-expected US retail sales and inflation data.
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The U.S. economy grew at a stronger than expected pace during the final quarter of last year, boosted by robust spending and slowing inflation that more than offset the biggest decline in residential investment in 15 years, a government report on Wednesday showed.
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US Federal Reserve Board Chairman Alan Greenspan Wednesday gave a generally upbeat economic assessment to a congressional committee, saying the US economy seems over the last two months to have withstood the trauma of sharply rising energy prices.
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New data showed US inflation in check, with consumer prices up a modest 0.1 percent in August, giving the Federal Reserve room go slow on boosting interest rates.
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The U.S. economy grew at a stronger  than expected pace during the final quarter of last year,  boosted by robust spending and slowing inflation that more than  offset the biggest decline in residential investment in 15  years, a government report on Wednesday showed.
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The US economy&#39;s &quot;soft patch&quot; was not as weak as initial estimates, according to government data showing a 3.3 percent pace of expansion in the second quarter.
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The White House on Wednesday said the U.S. economy is fundamentally strong a day after stock markets around the world took a plunge.
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Robust consumer spending on cars,  furniture and food helped power U.S. economic growth forward in  the third quarter at a faster pace than previously thought, the  government said on Tuesday, while underlying inflation was the  tamest in decades.
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US consumer prices rose a mild 0.2 percent last month, but a sharp jump in lodging costs pushed core inflation unexpectedly ahead at its quickest pace in five months, a government report showed on Tuesday.
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The U.S. economy grew at a stronger  pace than expected in the final quarter of 2006 without raising  inflation pressures, government data showed on Wednesday, as  robust consumer spending more than offset the biggest slump in  housing in 15 years.
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U.S. business productivity was  stronger than first thought in the first quarter and labor  costs were much better contained, the government said on  Thursday in a report that tempered inflation jitters in  financial markets.