BigNews.Biz - Jun 12,2009 - “DIB Solutions” US correspondent reporting from Washington DC on the Feds report on the economy.
On Wednesday Fed said that the economy for May was still weak and did not improve much from April. The report said that although the economy is still fragile and weak there were signs that contraction was moderating.
The report on the economy comes from 12 districts that compile so-called ‘beige book’. The book showed that the economy was weak over all districts but there were definite signs of hope.
“DIB Solutions” analysts believe this is good news, and it shows that the $1 trillion the Fed has pumped into the US economy has been working to stem the economic freefall. The Fed has also cut its rate to pretty much zero and this seems to be helping stimulate the economy as well.
“In the report it showed that prices where either flat or falling slightly and that job losses where beginning to tail-off.” Reports “DIB Solutions” analyst.
At “DIB Solutions” we have already seen an improvement in the economy as we are beginning to see more investment opportunities coming from the US. What expect a positive outlook over the next 2 quarters and expect 2010 to be a improvement on the last four quarters.
.gif)
