The Fed said yesterday that strains in global financial markets have eased and the labor market is gathering strength. In a separate statement, the U.S. central bank said 15 of the nation’s largest 19 banks could maintain adequate capital levels even in a recession scenario. Data later today may show Indian wholesale prices rose 6.7 percent last month, near the slowest pace in two years, based on economists surveyed by Bloomberg
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“It is just a continued pattern of relatively strong U.S. economic data,” said Shane Oliver, Sydney-based head of investment strategy at AMP Capital Investors Ltd., which oversees about $100 billion. “Overall it’s fairly a positive sign for the U.S. financial sector, banks in particular. It shows how much things have turned around from the situation three years ago.”
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Tuesday, March 13, 2012
Light at the end of the tunnel and its not a train!!!
Labels:
bernanke,
economy,
employment,
global growth,
growth,
Obama,
USA
Wednesday, February 22, 2012
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