US Federal Reserve upbeat on US economy
The US Federal Reserve has today issued a statement regarding the US economy suggesting that economic activity in the US is strengthening and the employment market is gaining momentum. This comes at a time when their European arena is in turmoil with the Greek debt debacle now impacting upon other countries in the Eurozone.
Despite the fact that the US Federal Reserve has issued a positive statement on the US economy it also looks as though US base rates will remain at near 0% for some time to come. There is growing concern in international investment and international debt markets that problems in Greece could impact other European countries and then potentially impact other countries around the world. It is difficult to put into context the problems in Greece and the damage the slow response by the European Union and International Monetary Fund has caused.
Despite the fact there are problems within Europe there is no doubt that the US economy is the engine room of the worldwide economy and vital to any short, medium and long-term recovery. It will be interesting to see whether there is any impact from the European debt debacle within US markets and indeed how the European Union will respond in the short term.
Share this..
Related stories
UK government delays publication of new banking regulations
The UK government has today attracted significant criticism from both opposition parties and those in the UK financial sector. After stripping out the forthcoming financial sector White Paper, the legal framework for new legislation, from the last budget this particularly vital piece of legislation had been expected this week. However, amid claims that there are problems behind the scenes,...
Businesses attack strike plans
It will be no surprise to hear that around two thirds of business leaders in the UK believe that strike activity in the short to medium term will severely impact upon the ability of the UK economy to recover. This is the first time that business leaders have spoken out en masse regarding strike activity as the unions continue to flex their muscles and take on the UK government. So will strike acti...
Read MoreExtra £1m premium bond prize announced
29/05/2014 A second monthly premium bond prize of £1m will be launched by National Savings and Investments (NS&I) this August. The announcement means that two people will win a tax-free lump sum prize of £1m each month, instead of the current single winner. Additionally, as of the 1st of June 2014, premium bond holders will be permitted to own a maximum of £40,000, an increase of £10,...
Read MoreGordon Brown accused of economic vandalism
The outgoing president of the CBI, Martin Broughton, last night accused Gordon Brown of economic vandalism after increasing the U.K.'s top income tax rate to 50p in the pound. He also poured scorn on the UK government's forecast for the UK economy in the short to medium term suggesting that economic forecasts for 2018 are impossible and are nothing but a PR stunt. This is by far and away the most...
Read MoreGeorge Osborne believes the UK is on the road to ruin
George Osborne has stepped forward today to suggest that the UK economy is on the road to ruin without significant spending cuts in the short to medium term. This comes just days before his first budget, which many believe will be the most important budget in recent UK history, and amid signs of voter and MP unrest in relation to some of the proposals mentioned. So is George Osborne right to be so...
Read More