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Central bank: U.S. economy continued to register modest growth in January-February
03/06/2013 | (Voice of Iraq) - Add Comment - WASHINGTON (Reuters) said the Federal Reserve (the U.S. central bank) on Wednesday said that economic growth in the United States continued to gradually improving in January and early February with the increase in consumer spending and the continued recovery housing market stalled. pointed Federal Reserve in a report marked cautiously optimistic of its branches twelve in the United States to strong demand in the automotive sector, technology and logistics, stressing that price pressures are still weak. central bank said that the reports of the branches of the Federal Reserve shows that economic activity But the Federal Reserve is expected to continue economic recovery gradually boosted interest rates near zero and its massive bond-buying to stimulate borrowing. says the U.S. central that his bold impacted significantly on the housing market and demand for cars and showed his increased activity in the two sectors. kept the Fed interest rates close to zero since late 2008 and doubled three times the size of its balance sheet to around $ 3 trillion since then through the controversial bond buying kept it in his recent meeting at monthly rate of $ 85 billion. aims bond-buying program to lower borrowing costs long term and vowed the Fed to keep it until it sees a significant improvement in the outlook for the labor market in the United States, where unemployment rate remained high last month at 7.9 percent. Critics say the bond purchases - also known as facilitation quantitative - raising fears of inflation in the future, but the U.S. central he There are no signs that the rise in input prices transmitted to consumer prices. (preparation Alaa Rushdi Bulletin - editing and serious millennial)
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