ECONOMIC OUTLOOK AND MONETARY POLICY RECOMMENDATIONS November 2, 2012 New York, NY
Discussions State of the Economy Internal and External disruptions Housing Market Labor Market
REAL GDP Rate
Household Consumption Increasing
Even though Disposable Income is Decreasing
Consumer Sentiment is Optimistic Despite the “Fiscal Cliff”
Retail Sales
Fixed Investment & Government Spending Lagging
The Housing Sector is Recovering
New Residential Construction Rate
Construction Spending Rate
Mortgage Rates at a low…
New Home Sale Rate
Home Price Index Rate
Financial Markets Recovering Some Ground…
Unemployment Rate
Civilian Unemployment
Nonfarm Payroll Employment Rate
Industrial Production
Capacity Utilization
Price Stability Rate
Household Debt Service and Financial Obligation Ratios
Household Consumption Rate
Nominal Interest Rates
TIPPS-10 YEAR
Exports in the decline
Oil Prices in the Decline= More Disposable income for Consumers
U.S Foreign Exchange Rates
Too much money laying around the Reserves
Commercial & Industrial Loans in the Decline
Unemployment is still too high
The Unemployed are becoming Unemployable..
The Euro zone Economy= Drag for the U.S Recovery?
Emerging Economies Cooling Down