Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.98

+0.2%

Dec 4 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mark Bartlett who wrote (30266)	3/17/1999 9:46:00 PM
From: goldsnow	Read Replies (1) of 116796

Wages threat to US economy US shops turn in the profits as consumers keep the economy booming The US central bank, the Federal Reserve, has said that the country's economy is continuing to strengthen despite many of its trading partners being mired in recession. But the bank warned that the booming economy was putting inflationary strain on wage demands which were rising faster than in recent months. The bank's findings were published in its periodic Beige Book which reports on the state of the country's economy. The report says: "The districts reported some further gains in economic activity in January and February, despite weakness in agriculture and a few manufacturing industries," It says finding qualified workers has become more difficult in several districts, and there are increased reports of wage increases in recent months. The report's findings will be discussed by Federal Reserve policy-makers when they meet next on 30 March to consider US interest rate strategy. Despite the wage pressure, the report said there was still little pressure from prices. It said many businesses were reluctant even to ask for price increases. It also noted that low farm commodity prices were hurting the country's agricultural sector and putting a rising number of farmers under financial stress. Shoppers still confident The Fed survey said consumers had continued to shop with gusto since the record-breaking Christmas period. This had been helped by price discounting and mild weather. It also said manufacturing was expanding in most parts of the country, but noted that low energy prices and competition from keenly-priced imports were hurting textiles and energy-related industries. news.bbc.co.uk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next