U.S. economy poised for 2007 rebound: survey - 2007-01-03
The U.S. economy is set to shake off the housing slump and regain strength by the end of this year. The credit goes to techies, bankers, chefs and shoppers, according to a Wall Street Journal survey of economists. Economists believe the service sector should keep chugging along as the recent weakness in housing and manufacturing subsides and the Federal Reserve begins to cut interest rates, declared a report published by the business daily on Tuesday.
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Fed Showed Concern Over Housing Slowdown - 2007-01-03
Elevated concern about the harsher-than-expected housing slump was a major factor in the Federal Reserve's decision to keep interest rates steady last month. Minutes of the Fed's deliberations show that policymakers expressed increased worry over the real estate bust even as they were reiterating that their No. 1 aim was to ensure that inflation, which has been calming down, continued to subside.
Read the full story at Wyoming News