SOME SIGNIFICANT SIGNS OF SLOWING
February 05, 2008
February 05, 2008
WASHINGTON, Feb. 5 -- The House-Senate Joint Economic Committee issued the following news release:
The inflation-adjusted (real) gross domestic product (GDP) increased at a sluggish 0.6% annualized rate in the 4th quarter of last year. Payroll employment declined in January, the first month with a decline since August 2003. Financial markets remain under stress, which has led to tightening of credit for some businesses and households. With that backdrop, the Federal Reserve (Fed) . . .
The inflation-adjusted (real) gross domestic product (GDP) increased at a sluggish 0.6% annualized rate in the 4th quarter of last year. Payroll employment declined in January, the first month with a decline since August 2003. Financial markets remain under stress, which has led to tightening of credit for some businesses and households. With that backdrop, the Federal Reserve (Fed) . . .