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Report On Articles Of The Beige Book

1647 words - 7 pages

In the summary I noted that there was a lot of fluctuation in the Districts. I believe through information I have read in the summary that the Fed will probably maintain the current interest rate. If they were to raise the interest rates then the lower markets would fall even more and the higher markets would start to fall. If they leave the rates where they are at then I believe that the economy would start to even out. There would eventually be more construction on commercial buildings and the residential would "cool off" as they say and things would start to even out. It would be a mistake to raise the interest rates right now. It is a crucial time and people are just now recovering from the storms and some from 9/11. There was a lot of damage done to the southeastern states and raising the prices would devastate them. They would be struggling to get their lives back together.Many articles say the economy is gaining momentum, strengthened by home building, shipping and the country's manufacturing sector. Most say that U.S. industrial production rose 0.3 percent in November, which was more than expected. Oil prices fell a very large amount at once and utility production fell more than expected. Industrial capability, put to use, rose to 77.6 percent, the greatest since May 2001 when it was 77.5 percent. Manufacturing was subtle last month by a decline in workers' hours and auto production, and utilities did not have a high demand for heating because of warmer than average weather. The outlook remains positive for U.S. factories because they are turning out more equipment and space hardware. They expect production to continue rising at a moderate pace. The consumer spending rose by 0.7 percent in large part because Americans' incomes rose by 0.6 percent. Americans' incomes have a large effect on the economy. If the income is rising then the economy is most likely going to rise. This income raise was the best in seven months. The Dow Jones industry rose because of relieved investor to 10,590.22, which was the largest closing this year since March.The articles say that the Fed will probably raise the interest rates. It will be the fifth time this year, but the Fed does not was to let the rebounding economy trigger unwanted inflation. The jobs rose 2.7 million in the last 4 yrs. The fed does not want the market to go into inflation because of the increase in jobs and income. The rise in the interest rate would keep the inflation down and help to get the economy on a good path. The rebounds in manufacturing helped the job markets, but now there are shortages in workers for the companies. Economists say that because of the 0.7 percent jump in consumer spending, which account for two-thirds of the total economic activity, the consumers are getting a second wind. The rise of 0.6 in September combined with the 0.7 in November proves that the economy is on the rise. In my opinion, not based on an article, the reason that the consumer spending rose was...

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