Jobs help prop up U.S. economy, data show - 2007-03-22
A vibrant job market appears to be propping up the U.S. economy suffering from slumping home prices and a slowdown in manufacturing, two economic reports indicated Thursday. Industry research group The Conference Board said Thursday that its composite index of leading indicators, which is meant to project changes in the economy six to nine months in advance, dropped 0.5 percent to 137.3 in February after a revised 0.3 percent decline to 138 in January.
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Fed holds cost of borrowing steady - 2007-03-22
Federal Reserve policymakers kept US benchmark interest rates steady at 5.25% yesterday for a sixth consecutive meeting, while maintaining a warning on the risk of inflation in the world's largest economy. The decision by the central bank's Federal Open Market Committee was widely expected by Wall Street and economists in the UK.
Read the full story at The Herald