Michael Feroli News
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Four years into an expansion, the productivity of American workers has slowed and some economists say there are few signs it will soon rebound.
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Chairman Ben S. Bernanke will probably reduce the Federal Reserve’s monthly bond buying in the fourth quarter to $50 billion from $85 billion as he begins to unwind record stimulus, economists said in a Bloomberg survey.
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Retail sales in the U.S. dropped in March by the most in nine months, pointing to a slowdown in consumer spending as the first quarter drew to a close.
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Builders probably began work on U.S. homes in March at the second-fastest pace in almost five years, a sign one of the bright spots of the expansion is making further progress, economists said before reports this week.
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Builders probably began work on more new homes in March, a sign one of the bright spots of the U.S. expansion is making steady progress, economists said before a report today.
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Ben S. Bernanke is tightening his control of Federal Reserve communications to ensure investors hear his pro-stimulus message over the cacophony of more hawkish views from regional bank presidents.
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The U.S. economy is “coming out of an incredibly deep hole” and the unemployment rate will remain at or above 9 percent this year, said Michael Feroli , chief U.S. economist at JPMorgan Chase & Co. in New York.
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European countries adopting a “Jekyll and Hyde” strategy toward China have a greater chance of winning more exports to the world’s fastest-growing major economy, according to University of St. Gallen economists.
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Orders for U.S. durable goods climbed more than forecast in February as companies looked past budget squabbles in Washington and focused on expanding capacity to meet growing demand.
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The pace of technological advance may be slowing in the U.S., threatening the economy’s ability to grow without sparking inflation.
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