InfoAnda - Fed lifts 2010 growth outlook, sees unemployment easing

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Man linked to stolen bank data found dead in Swiss prison | | 1 October 2010
Nigeria's acting leader dissolves cabinet | | 18 March 2010
US encouraged drug trafficking: Bolivian president | 6 November 2008

S’porean wanted by Interpol in connection with Cortina theft | 18 January 2009

Forum Views () Forum Replies ()

Read more with google mobile : Fed lifts 2010 growth outlook, sees unemployment easing

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Fed lifts 2010 growth outlook, sees unemployment easing AFP - Wednesday, November 25 Send IM Story Print The US Federal Reserve building in Washington, DC. The Federal Reserve on Tuesday raised its outlook for US economic growth in 2010 to a range of 2.5 to 3.5 percent, and said unemployment appeared to be near a peak. WASHINGTON (AFP) - – The Federal Reserve on Tuesday raised its outlook for US economic growth in 2010 to a range of 2.5 to 3.5 percent, and said the troubles in unemployment appeared to be near a peak. In a new forecast accompanying minutes from the Fed's policy meeting November 3-4, the central bank said participants "anticipated that economic recovery would be gradual, with real gross domestic product (GDP) growing at a moderate pace and the unemployment rate declining slowly over the next few years." The range for 2010 growth was boosted slightly from a July projection of between 2.1 and 3.3 percent. The new forecast also suggests that unemployment, which hit 10.2 percent in October, could ease in early 2010. "Participants generally anticipated that the unemployment rate would rise somewhat further during the final months of 2009 and then decline steadily over the next few years," said the forecast accompanying minutes from the Federal Open Market Committee meeting. The new forecast indicates unemployment would drop to a range of 9.3 to 9.7 percent over the course of 2010. Joblessness would still remain high in 2011, in a projected range of 8.2 to 8.6 percent. Growth in 2011 was expected to pick up to a more favorable pace of 3.4 to 4.5 percent, according to the forecast which also called for tame inflation through 2012. The US economy expanded in the third quarter at a pace of 2.8 percent, according to government data released earlier Tuesday, in the first growth after four quarters of decline and the worst recession in decades. Yet many economists say a recovery could be derailed by high unemployment, which hurts consumer confidence and income and cuts into spending that drives much of economic activity. Fed members said the economy has suffered lasting damage from the crisis that would take many years to recover. "Most participants anticipated that about five or six years would be needed for the economy to converge fully to a longer-run path characterized by a sustainable rate of output growth and by rates of unemployment and inflation consistent with their interpretation of the Federal Reserve's objectives," the Fed said. "However, some participants indicated that the convergence process might well require even longer, while a few expected that although inflation would settle at its longer-run rate in the next several years, the convergence process for the real economy was likely to occur over a somewhat longer period." The minutes indicated that the economy extended its modest recovery in the weeks leading up to early November, led by industrial production and gains in consumer spending that got a boost from the federal government's "cash for clunkers" auto incentives. "Most participants now viewed the risks to their growth forecasts as being roughly balanced rather than tilted to the downside, but uncertainty surrounding these forecasts was still viewed as quite elevated," the minutes showed. The meeting featured considerable debate about the Fed's exit strategy from a massive stimulus effort that has lowered base lending rates to a range of zero to 0.25 percent and a pledge to pump more than one trillion dollars into the economy through various liquidity programs. Fed members expressed confidence that the central bank "would be in a position to remove policy accommodation when appropriate" through various tools including paying higher rates on bank reserves and establishing reverse auctions to drain the extra liquidity from the banking system. The central bank indicated it would test some of these measures but "that such testing would not imply that these tools would be employed for policy purposes any time soon." Recommend Send IM Story Print News Search Top Stories AFP Somalia journalist wins key press award Swedish firm gives up bid for Saab Fed lifts 2010 growth outlook, sees unemployment easing Ireland hit by public sector strike against cuts Severe reactions to swine flu vaccine in Canada More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended KLM flies world's first "passenger flight on biofuel" Mankind using Earth's resources at alarming rate Success for Large Hadron Collider as first atom smashed Severe reactions to swine flu vaccine in Canada Gold hits record high 1,174 dollars More Most Viewed » Alcohol helps cut heart disease risk for men: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Wednesday, 25 November 2009
Iraq elections face delay
US-TECH Summary
Koenigsegg gives up bid for Saab
Filmed concerts come to iTunes in Live Nation deal
Severe reactions to swine flu vaccine in Canada
Diplomats: Big powers prepare Iran resolution
Conscious but paralysed; patient's case not unique
EU parliament backs greater rights for telecoms, Internet users
EU ends Qualcomm 3G probe after rivals back down
Iraq national vote unlikely in Jan
Google to put ancient Iraq museum collection online
Iran says needs guarantees to ship nuclear fuel
Google explains racist, anti-Semitic search results
Iran frees activist on bail in mass trial
Obama Afghan strategy decision 'within days'
Escort's book describes night with Berlusconi | International |
NY Gov. asks lawmakers to let him cut deficit
Obama promises to 'finish the job' in Afghanistan
Filmed concerts come to iTunes in Live Nation deal | Technology |
Afghan official says 15 ministers face graft probe
Consumer group warns about toy hazards
Google to put ancient Iraq museum collection online | Technology |
Political crisis roils Pakistan as Taliban loom
Minn. man pleads not guilty in Somali terror probe
Wooing of Taliban fighters is dangerous game
NH Clinton campaign hostage taker re-arrested
Strong quake strikes off Tonga: USGS
Taiwan leader presses US on fighter jets
Senator's affair revealed in text message
Indonesia demos demand Yudhoyono quit
Cops: 5 SoCal kids victims of 'ginger' attacks
6.8-magnitude quake rattles Tonga
NYC boy missing for 11 days lived in subways
Hopes fade for Indonesia ferry survivors
7 firefighters injured at Dallas construction site
Bangladesh begins trial of mutineers
Nokia to ax 220 R&D jobs in Japan
Indian authorities file new charges in Satyam scam
EIB, ADB in $660m Pakistan clean energy partnership
Bidders value Unitas' Korea retailer over $260 mln-source
British watchdog fines Nomura £1.75 mln
Kia Motors launches luxury Cadenza sedan
FACTBOX-Pakistan's December-January monetary policy
China, EU to discuss protectionism, climate change
Pakistan stocks end higher; monetary policy awaited
Indonesian minister defends bank bailout
King Kong figurine used in 1930s movie sold in UK
Afghanistan: Illiterate, insecure but lots of TV
Placido Domingo regales Mexico City with free concert
UK poll shows ABBA band people most want to reform | Entertainment |
Paris Pompidou Centre staff prolong strike
Lohan to stay on at Ungaro fashion house, despite criticism | Entertainment |
US-ENTERTAINMENT Summary
UK poll shows ABBA band people most want to reform
Italians reject proposal to abolish lunch breaks: media
Straight British couple fight for civil partnership
Rio does away with coconuts on beaches
New Map Suggests Mars Once Humid
Rock-star wife details drug mayhem in new book
Residents Receive Wrong Flu Shot
University Team Says "Official" Government Message Really Dangerous Computer Virus
Jeremy Jarvis Publicly Offers Sympathies For Deerfield Beach Boy Set On Fire
Black Friday Shopping Expected To Show Increase
Schwarzenegger Taps Moderate Republican For Lt. Governor
Orlando Theme Park Fined In Accident
Government Links Chinese Drywall U.S. Homes Corrosion
Authorities In Minnesota Charge Eight Americans In Somalia Terrorism Recruitment
Stork Craft Recalls More Than 2 Million Cribs
Leterme to return as Belgian PM Wednesday
Obama vows to 'finish the job' in Afghanistan
Microsoft names new CFO
Australia, Canada approve -Microsoft deal
AFP Somalia journalist wins key press award
EReaders, price war weigh on Barnes, Borders
Iran's leader makes inroads in Latin America
Crew member killed in attack on tanker off Benin | International |
Fed lifts 2010 growth outlook, sees unemployment easing
Facebook changes stock structure but 'no plans to go public'
Iran says needs guarantees to send uranium abroad
Report: Iran lifts ban on popular newspaper
Ireland hit by public sector strike against cuts
US senators urge EC to expedite Oracle-Sun probe
Venezuela opposition and Jews protest Iran visit | International |
World Bank to start agriculture fund with $1.5 billion | International |
Google to digitise Iraq Museum archives: CEO
Prisoner swap could win release of popular leader
Canadian Internet firms to rat out child porn websites
China executes two for tainted milk scandal | International |
British probe reveals lead-up to Iraq war
Iranian leader greeted with military honors in Bolivia
Netanyahu says Hamas prisoner deal may not happen
Twitter age gets mixed reception in sports
Adconion acquires assets of online video site Joost
Malaysian woman tries to reverse Muslim conversion
Privately held Facebook sets up dual-class stock | Technology |
6 more bodies uncovered in Philippine massacre
Mobile Web surge continues in October: Opera | Technology |
China: Climate talks need to set pollution caps
Obama says will "finish the job" in Afghanistan
Khmer Rouge prosecutor says Duch should get 40 years
EReaders, price war weigh on Barnes, Borders | Technology |
2 Chicago officers punished after G-20 photo probe
Four US teens 'wanted for attempted murder' in Japan
Microsoft CFO to leave, look for bigger job | Technology |
First lady wears Naeem Khan gown to state dinner
Thailand tightens sex change laws
LA anti-gang worker gets 12 years for burglary
China mine death toll up to 106: spokesman
SC lawmakers question impeachment for governor
Obama administration will not sign land mine ban
Festival of mass animal sacrifice begins in Nepal
Feds blame low oxygen for Ala. coal mine death
Obama fetes 'indispensable' India
Man pushed by Calif. transit officer charged
Arroyo urged to take action over massacre
LA County leaders back night fire flights
Japan's exports post smallest drop in a year
Taiwan, US to resume trade talks next year: envoy
S.Korea Q3 household credit expands faster
US firm on slapping tariffs on Chinese steel pipes
Seoul shares rises 0.3 pct on chip, retail counters
Donny Osmond dances to victory on Stars finale | Entertainment |
RPT-UPDATE 1-Bidders value Unitas' S.Korea retailer over $260mln
Korea Hot Stocks
Nude photo of Sharon Tate, Roman Polanski set for auction | Entertainment |
Japan posts $9.1 bln trade surplus
Film director Tyler Perry gives $1 million to NAACP | Entertainment |
S.Korean bonds up on U.S. lead, buyback plan
Twenty-five recordings added to Grammy Hall of Fame | Entertainment |
Seoul shares open higher; LG Household rises
Donny Osmond dances to victory on "Stars" finale
25 recordings inducted into Grammy Hall of Fame
Nielsen's top 20 prime-time programs
Twenty-five recordings added to Grammy Hall of Fame
Film director Tyler Perry gives $1 million to NAACP
Nude photo of Sharon Tate, Roman Polanski set for auction
3 generations of Wyeths to be sold in NYC
King Kong memorabilia sells for 120,000 pounds in London
Chef Paula Deen accidentally hit by charity ham
Israel readying new arms to meet Iran challenge
ABN Amro reports quarterly loss of 1 bln euros
Eleven more bodies found at Philippine massacre site | International |
Iran detains scores of students, rights group says | International |
26 wounded in twin bombs in Iraq shrine city
Mobile Web surge continues in October: Opera
Italian ex-militant ends hunger strike in Brazil
Ton-up Dravid heaps misery on Sri Lanka
Pakistan court charges Mumbai attack suspects | International |
Israel set to declare settlement limits: government sources | International |
ABN Amro Group reports one billion euro loss
Iran's Ahmadinejad in Venezuela on official visit
Prisoner deal hits snag on Hamas demands | International |
Saudi king and Spanish PM discuss Mideast
UK's Brown optimistic on Afghan troop increase | International |
U.S., U.N. present proposals to end Iraq vote impasse | International |
India vigilant but remains vulnerable to attacks | International |
Khmer Rouge jailer expresses excruciating remorse | International |
China expert warns of pandemic flu mutation | International |
LinkedIn co-founder sees IPO likely, but not soon | Technology |
Thai anti-government protest called off
Infineon, Nokia co-operate on next mobile generation | Technology |
Detention of China dissident Liu Xiaobo extended
Hazy conditions disrupt air travel in China
Google to put ancient Iraq museum collection online | Technology |
Chinese police jailed in torture case: state media
The nation's weather
Microsoft CFO to leave, look for bigger job | Technology |
Khmer Rouge jailer expresses "excruciating remorse"
Obama to pardon turkey
Honolulu police posting DUI mug shots on Internet
Japan PM took dubious funds from mother: reports
After Revoking Concession, Conservative Finally Accepts Loss In New York's 23rd District
Wind weighs on battle against Orange County blaze
Judge Ito Gives Up On Constantly Replacing Nameplate
NZ passes relaxed climate change law
Americans search for cheaper Thanksgiving trips
Middle School Kids Suspended For 'Kicking Jews'
Tajiks make world's longest flag record bid
U.S. Not Signing Ban On Landmine, But Is Sending Delegation To Conference
"Cancer of fraud" permeates U.S. healthcare system
Arroyo vows justice as massacre toll hits 52
Toyota Recalls Tens Of Thousands Of Tundra Trucks
Stars, top Dem donors make state dinner guest list
Google Decides Against Removing Photo Of First Lady Edited To Appear As A Monkey
Evening gowns, saris at Obama's first state dinner
Gay Club Files Lawsuit Against Atlanta Police Dept
President Pardons First White House Turkey Wednesday
Impatience with Obama trade policy grows
Obamas Taste Success At First Lavish State Dinner
Obama Plays Dinner Diplomacy; Afghanistan Still Undecided
Shuttle Atlantis leaves space station, headed home
Gold hits record high $1,180 per ounce
S.Korea fin min: private sector leading recovery
Beijing Autos says will reevaluate Saab bid
S.Korea halves ceiling on text messages to fight spam
Chinese banks may need to raise billions: reports
Seoul shares rise 0.3 pct on chip, retail counters
Zoellick warns of asset bubble risks
Indonesia's top detective replaced
Kingsley to play Mogul emperor who built Taj Mahal
Pop star Williams rules out tour over drugs fears
Adam Lambert makes a splash, but risks losing fans | Entertainment |
Peter Jackson has break from big budgets in Lovely Bones | Entertainment |
White House veggies for Obama's big night
Hong Kong director takes on Mulan with real actors
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01