At an outdoor market in Hanoi, Vietnam’s capital, Trinh Thi Thanh pays 100,000 dong ($4.74) a kilogram for the pork her family eats more than any other meat. That’s down from 150,000 dong a few years ago, easing pressure on the cost of family meals that had been surging, she said.
Orders for long-lasting goods such as computers and machinery climbed in November by the most in 10 months and new-home sales exceeded forecasts, showing a more broad-based U.S. economic expansion entering 2014.
After concern last summer of an imminent double-dip recession in the U.S., the data got a bit brighter in the fall. The economy grew faster than expected in the third quarter and has created almost 2.8 million private- sector jobs since the labor market bottomed in early 2010.
The Federal Reserve is trimming its monthly bond purchases to $75 billion from $85 billion, taking the first step toward unwinding the unprecedented stimulus that Chairman Ben S. Bernanke put in place to help the economy recover from the worst recession since the 1930s.
July 6 (Bloomberg) -- Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ, talks about the June U.S. employment report. Payrolls rose 80,000 last month after a 77,000 increase in May, Labor Department figures showed in Washington. Economists projected a 100,000 gain, according to the median estimate in a Bloomberg News survey. (Source: Bloomberg)