Joseph Carson News
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The modest pace of the U.S. economic recovery has a silver lining, as the expansion shows signs of lasting almost twice as long as average.
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Many Federal Reserve officials said more progress in the labor market is needed before deciding to slow the pace of asset purchases, according to minutes of their last meeting.
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Almost three years after it began, the U.S. recovery may strengthen as autos and housing begin to reemerge as mainstays of growth.
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U.S. exports, a driver of expansion in the world’s largest economy, will grow next year even as a sovereign-debt crisis pushes Europe into recession.
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Repairing supply chains frayed by Japan’s earthquake and surging fuel prices may provide a further spur to business investment powering global economic growth.
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United Parcel Service Inc. computer systems monitoring the heartbeat of global commerce sent a discouraging message last quarter as package flows began to fall below the company’s forecast.
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The U.S. economy is being thrown back on its own devices as sputtering global growth blunts America’s efforts to use exports to help power its expansion even as the value of the dollar hovers near a record low.
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The Federal Reserve said the U.S. economic expansion remained “moderate” amid gains in manufacturing, housing and autos that offset weakness in defense-related industries in some regions.
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The U.S. once again may be emerging as a main engine for global growth -- and at an opportune time, as Europe slides into recession and China’s economy decelerates.
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Car sales that are running at the fastest pace in four years are poised to reverberate through the world’s largest economy as a spillover into production, profits and jobs for Americans may be starting.
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