Business Services Industry
US data points to cut in rates.
Australasian Business Intelligence, May, 2007
Byline: Robert Guy
May 16, 2007 (The Australian Financial Review - ABIX via COMTEX) -- A further decline in housing demand and falls in consumer spending in the US may prompt the Federal Reserve to cut interest rates in mid-2007. The National Association of Home Builders' housing market index has fallen to the lowest point in its cycle, consequently shaving economic growth by one per cent. The pessimistic outlook for the mortgage market will continue, with the housing crisis causing shifts in consumer psychology. In addition, consumer spending is slow, with retail sales falling by 0.2 per cent in April. In the same month, the core consumer price index rose by only 0.2 per cent. In response, the Federal Reserve may cut interest rates.
Publication Date:...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
