April 15, 2009

The US Economy seems to have somewhat leveled off According to the Fed

The US economy seems to be leveling off somewhat according to the Fed. Economic indicators that had been going from bad to worse are showing signs of stabilizing – though still at distressed levels.  Five of the 12 regional Federal banks reported a slowdown but the overall economy is still weak.  Production in factors and mines dropped 1.3 percent in March.  Consumer prices went down and company layoffs are keeping the need raise prices down.  Some economists worry that all of the moves the Federal Reserve has made to fight the recession and the worst financial disaster in 70 years could be planting the seeds for inflation troubles down the road.  Bernanke is aware of this and is assuring the public that the Fed will adjust once the economy recovers to avoid inflation.
It looks like pre-foreclosuresus-economy will continue to be occurring at a high rate as long as the economy is in a recession but it could be recovering faster than anyone has expected.


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