Fed: Weak Growth Greater Risk Than Inflation


	Fed: Weak Growth Greater Risk Than Inflation

muckdog

7-3-2008 1:12 AM

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muckdog says:

Well the PCE came out last week at just over 3%, and core PCE at 2.1%. Inflation is very low. Energy prices are killing economic growth.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/fb5159fc-5605-4da2-92e4-bb2d29b3794b/74583CEF-D2D1-4569-925E-3D56DB85EAD3/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.marketwatch.com/news/story/story.aspx?guid=%7BCC22E0DA%2DB720%2D42BB%2DBB29%2D0C29BC9E7DEE%7D&siteid=rss" href="http://www.marketwatch.com/news/story/story.aspx?guid=%7BCC22E0DA%2DB720%2D42BB%2DBB29%2D0C29BC9E7DEE%7D&siteid=rss" style="font-size: 11px;">www.marketwatch.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/story.aspx?guid=%7BCC22E0DA%2DB720%2D42BB%2DBB29%2D0C29BC9E7DEE%7D&siteid=rss"><B>WASHINGTON (MarketWatch) -- A top Federal Reserve official suggested Wednesday that the outlook for U.S. economic growth remains worse than the inflation forecast, raising the possibility that the central bank might be in no mood to hike interest rates to combat higher commodity prices.</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/story.aspx?guid=%7BCC22E0DA%2DB720%2D42BB%2DBB29%2D0C29BC9E7DEE%7D&siteid=rss"><DIV class="p">
            In a speech in Israel, Fed governor Frederic Mishkin said that it will take some time for the financial system to get back on its feet and accordingly, will continue to depress growth.
        </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/story.aspx?guid=%7BCC22E0DA%2DB720%2D42BB%2DBB29%2D0C29BC9E7DEE%7D&siteid=rss"><DIV class="p">
            Mishkin characterized the likely pace of recovery in financial markets as "slow."
        </DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/74583CEF-D2D1-4569-925E-3D56DB85EAD3/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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