absolutely!pretty amazing and interesting to read,really important issue to discuss at the moment among the people US but important for US economy,US federal reserve.i discussed many times that US economy will rebound strongly compare to first quarter,and i saw strong rebound pretty positive but need to be done for full recovery though pretty good news for US hard working people and great news for democrats and president obama as saw pretty strong magical job numbers 321000 which is pretty positive for US people and US economy,its winning of US hard working people,i and my absolute amazing great beauty Margaret Brennan CBS news,also working with US state department discussed many time this issue.now we saw US economy expands better GDP data at 5.0% annual rate in third quarter as we hoped & expected positive momentum in US economy as i already mentioned that i saw 1st quarter was bad for US economy and US people,US economy shrank -2.1 % while economists estimated -1%,but due to bad weather,fiscal cliff,government shutdown and spending cuts also responsible for lower growth of economy.but we already mentioned that second quarter will give better result and we see today economy grow 4.6% fastest pace,now we saw today that economy grew 5.0% which is better than estimated so its positive sign for US economy and its good for US economy and better days for US people its big winning of US hard working people who never give up after great recession.but we see today job market show strong sign of recovery added 321000 jobs which is very positive for US economy unemployment rate fall to 5.8% from 5.9%.which is pretty positive and we will see more stronger growth in coming quarters. we also discussed and expected end of QE3 but now it was right and positive decision while US economy improving and market also digest end of QE3,and become positive step for federal reserve to end of QE3. we mentioned some important points like fed rate rise policy and when it will happen?and what impact on economy? 1)fed need focus on unemployment numbers which apparently stick to 5.8% from 5.9%,while fed target is 5.5% which is normal prepossession level,though job numbers is far reaching from expectation level to full recover we need 250000 jobs every month,to gain pre recession level recovery,which is looking at the moment. 2)fed must need to focus on inflation,though inflation level is between 2 to 2.5% which is exactly on fed target but it will increase with economy will improve.so fed also focus on inflation and to tackle inflation rise interest rate is best tools to control inflation. 3)fed also need to focus on other economic data like retail sale,manufacturing data,industrial data all suggested positive indicator and most important housing market which is most important sector for US economy & recovery,fed must focus on housing recovery before rate rise,because it will impact on entire liquidity market,all loans,borrowing cost will be high and it will make slower property & housing market.also focus on consumer and business confidence. we also discussed and agree with Harvard University professor Lawrence Summers that federal reserve need to be careful to hike interest rate not too much quick enough,hike interest rate slowly due to inflation,anything could be happen in quick interest rate hike. although we suggested to fed chair janet yellen months ago and she also mentioned job market & housing market will be priority for fed rate policy and may be in 2015 fed will start to hike rate.but we expected & we hope for better economy in coming days nothing wrong with economy at the moment everything positive and economy improving just need confidence,but hopefully economy become stronger with time.
Posted on: Tue, 23 Dec 2014 18:17:20 +0000
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