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Kimberly Amadeo

US Economy January 2008 Archive

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Consumer Confidence at 12-month Low

Thursday January 31, 2008
Americans' confidence in the economy remains at 12-month lows, according to the Consumer Confidence Index released today by the Conference Board. The Index now stands at 87.9, after rising briefly ... Read More

Fed Funds Rate Lowered to 3% - What Does It Mean?

Wednesday January 30, 2008
Federal Reserve Chairman Ben Bernanke pondering his next move Photo:Chip Somodevilla /Getty Images Just a week after taking aggressive action, the FOMC again lowered the ... Read More

Q4 GDP Plummets to .6%

Wednesday January 30, 2008
Bill Pugliano /Getty Images The BEA reported that the advance U.S. GDP growth for Q4 2007 plummeted to .6% from an 4.9% in Q3, and ... Read More

Durable Goods Orders Report Signals Hope for Economy

Tuesday January 29, 2008
Matt Cardy/Getty Images December's Durable Goods Orders Report offers a ray of sorely-needed hope for the U.S. economy. The Census Bureau reported that business ... Read More

Fed Funds Rate Lowered to 3.5% -- What Does It Mean?

Monday January 28, 2008
Federal Reserve Chairman Ben Bernanke pondering his next move Photo:Chip Somodevilla /Getty Images In an emergency meeting last Tuesday, the FOMC lowered the Fed Funds ... Read More

How Would a Recession Affect Me?

Wednesday January 23, 2008
A reader asks: Although I am currently unaffected by the economic situation, I know that a recession can create a domino effect, therefore, what should I be wary of in the future? ... Read More

December CPI Report: Inflation Still a Concern

Monday January 21, 2008
Fed Chair Bernanke thinking hard about inflation Photo:Chip Somodevilla /Getty Images Last week, the Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) ... Read More

Gloomy Beige Book Report Signals Q4 '07 Slump

Thursday January 17, 2008
Federal Reserve The Federal Reserve reported U.S. economic growth at a slower pace for November/December as released in its Beige Book summary. Specifically, 7 of ... Read More

Could the Stock Market Decline Cause a Recession?

Wednesday January 16, 2008
Since October 9, 2007, when the Dow Jones Industrial Average closed at a high of 14,164, the Dow has dropped over 11% to close at its recent low of 12,589 ... Read More

Housing Market 2008 Outlook - It's a Bust

Tuesday January 15, 2008
David McNew /Getty Images In October, I reported that a 10% decline in housing market prices constituted a bust. (See How Bad is the Current ... Read More

Could Stagflation Reoccur?

Sunday January 13, 2008
A reader asks: Can you write a bit about Stagflation? It seems inevitable. Stagflation is when the economy experiences slow GDP growth (stagnation) with high inflation. The term was coined in ... Read More

November Consumer Credit 11% Greater than Last Year

Wednesday January 9, 2008
The Federal Reserve's most recent G-19 Consumer Credit report states that revolving credit (like credit card debt) for November increased at an annual rate of 11.5%. This is a jump ... Read More

December Employment Drops to New Low

Monday January 7, 2008
Tim Boyle /Getty Images In December, only 18,000 jobs were added to the overall economy, according to the Employment Report, released by the Bureau of ... Read More

2008 Oil Price Outlook

Thursday January 3, 2008
Oil prices (WTI crude) hit an all-time record of $99.62 this week, but will it continue? The Energy Information Agency (EIA) says no. The agency's most recent forecast for the ... Read More

What Will Interest Rates Do in 2008?

Wednesday January 2, 2008
A reader asks: I want to know about mortgage rates. I assume in a recession they go down and in an inflation they go up. Clearly our deficits point to a big ... Read More

Subprime Mortgage Crisis Looking Even MORE Like Savings and Loan Crisis

Tuesday January 1, 2008
Last Friday, I wrote that the Fed Bailout (which was caused by the Subprime Mortgage Crisis) was similar to the Savings and Loan Crisis of 1987, except that it was ... Read More

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