June 15, 2010

Quarterly Economic Update June 2010

Bruce Yandle

Distinguished Adjunct Fellow

Is the recovery finally here? Consumer spending is on the rise, and retail sales and housing starts are increasing. Businesses are spending more on equipment and software and the private sector is adding more payrolls. This would all signal that we’re on the upswing and yet the Federal Reserve continues to maintain low interest rates and credit remains tight. Is there another economic dip in our future or are we improving slowly with precautionary measures?