dimanche 5 avril 2015
El-Erian: The economy is not the only issue on the Fed's mind
Posted on 15:06 by nice news
Yes, it is a rather confusing time for analysts of the US economy, and understandably so on account of both domestic and international factors.
Internally, the data have been mixed with an evolving bias to a weaker economy. This was highlighted in Friday’s employment report. In addition to a March job creation number that fell well short of expectations, the prior two months were revised down.
Abroad, the US faces notable headwinds on account of both demand and prices. Economic activity, and therefore demand for US exports, has moderated in China and remains sluggish in Europe and Japan.
The collapse of international prices for oil has hit hard an influential US sector. And the recent sharp appreciation of the US dollar has made it harder for certain US companies to compete abroad (and, in home markets, to outpace imports).
Having said all this, it is too early to call for a highly disappointing US year in terms of growth, jobs and wages.
The economy continues to heal from the shock of the global financial crisis and prior mal-investments in
Read more: http://ift.tt/1Gfo20P
Internally, the data have been mixed with an evolving bias to a weaker economy. This was highlighted in Friday’s employment report. In addition to a March job creation number that fell well short of expectations, the prior two months were revised down.
Abroad, the US faces notable headwinds on account of both demand and prices. Economic activity, and therefore demand for US exports, has moderated in China and remains sluggish in Europe and Japan.
The collapse of international prices for oil has hit hard an influential US sector. And the recent sharp appreciation of the US dollar has made it harder for certain US companies to compete abroad (and, in home markets, to outpace imports).
Having said all this, it is too early to call for a highly disappointing US year in terms of growth, jobs and wages.
The economy continues to heal from the shock of the global financial crisis and prior mal-investments in
Read more: http://ift.tt/1Gfo20P
El-Erian: The economy is not the only issue on the Fed's mind
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