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U.S. Economy: Are Opportunities Greater Than Threats?. Larry DeBoer Purdue University August 2011. Real GDP Growth. Real Consumption Spending Growth. Index of Consumer Sentiment. 63.7 July ‘11 . Auto and Light Truck Sales (annual basis). Real Investment Spending Growth.
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U.S. Economy: Are Opportunities Greater Than Threats? Larry DeBoer Purdue University August 2011
Index of Consumer Sentiment 63.7 July ‘11
Federal Budget, 2010 Deficit, $1,294 38%
Real Export and Import Spending Growth Imports Exports Trade Balance
Exchange Rates, Euro and Yuan per Dollar China Yuan Euro
Payroll Employment, Total and Private Private Total
CPI Inflation, All Items and Core Core (less food and energy) All Items
Crude Oil Price, Nominal and Real Nominal Real
“To promote the ongoing economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent. The Committee currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.” FOMC, August 9, 2011 Voting against the action were: Richard W. Fisher, Narayana Kocherlakota, and Charles I. Plosser . . . . Ben Bernanke, Fed Chair
Monetary Base and Money Supply Money Supply Monetary Base