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US Retail Sales Could Boost Bernanke's Decision


There's still a lot of time before Fed Chairman Ben Bernanke meets with US Federal Reserve officials in deciding the short term future of monetary policy. But, recent US economic signs are making it easier by the day to predict what's going to be coming from the Fed. And it's a lot like what we've been used to for the last 3 years.

In short, everyone knows that US economic prospects are in the dumps.

Gross domestic product is barely above 1%, compared with other more industrialized nations like Germany – expected to grow by 2.7% – or emerging market economies like Brazil, which is forecasted to growth by almost 4%. The decline in growth for the world's largest economy has been supported by a slowdown in manufacturing dragged down by a global demand slowdown.

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Posted-In: Forex Events Econ #s Economics