.S. Economy Barely Moving Amid Creeping Disinflation, Beige Book Shows |
| Forbes - Nov 30, 2011 |
The U.S. economy continues to expand at a slow-to-moderate pace, according to the Fed’s Beige Book, released Wednesday, but disinflationary pressures still raise a warning flag, Goldman Sachs’ Shuyan Wu says. Despite a substantial boost to global confidence after global central banks injected U.S. dollar liquidity, the situation seems set for Fed Chairman Ben Bernanke to unleash a third round of quantitative easing to keep a modest recovery from waning in coming months.
“Overall economic activity increased at a slow to moderate pace since the previous report across all Federal Reserve Districts except St. Louis, which reported a decline in economic activity,” read the first line of the Beige Book, which outlines the general state of the economy as of November 18.
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- Posted: 2011-11-30 15:52:55
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