The government reported that the world’s largest economy grew less than previously estimated in the second quarter, capping the weakest six months of the recovery that began in mid 2009. Gross domestic product climbed at a 1 percent annual rate, compared with an initial estimate of 1.3 percent growth.
Mr. Bernanke decided to extend next month’s policy meeting to two days to allow a fuller discussion of the slowing economy and the central bank’s possible response. QE3 is suspected to be proposed in this meeting.
Previous two-day meetings have seen a higher probability of steps to cut borrowing costs, but the inflation situation is different from last year, squeezing the room for more actions. After its last meeting on Aug. 9, the FOMC pledged for the first time to keep its key rate at a record low at least through mid-2013 to energize a recovery.
The world’s largest economy grew less than previously estimated in the second quarter, capping the weakest six months of the recovery that began in mid 2009. The slumping housing market and financial-market volatility still pose challenges for the economy, but Bernanke’s view of the long-term outlook is “more optimistic.”.
The growth fundamentals of the United States do not appear to have been permanently altered by the shocks of the past four years, and the FOMC this month said that it was “prepared to employ” additional tools “as appropriate” to aid the economy. It is expected that the session will set policy priorities for long-run economic growth.
扫码加好友，拉您进群
全部版块
我的主页
