United States Department of Commerce new report, 2010 Fourth United States real gross domestic product (GDP) growth estimates for the third time at an annual rate meter 3.1%, higher than the previous correction 0.3%; throughout 2010, the United States economy had grown by 2.9%, 0.1% higher than previous estimates.
observers believet the United States economy a good recovery, but is still facing many uncertainties. In addition, the second round scheduled for completion at the end of June this year by quantitative easing (QE2) is expected to end prematurely.
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According to personal data such as consumer spending, inventory and investment pushed upward revision is main reason for the increase in the fourth quarter of last year. 4% when a quarter of a personal consumption expenditure growth, personal consumption expenditure accounts for about United States economy 70%, is a United States main driver of economic growth. In addition, export growth in the fourth quarter 8.6%, non-resident investment in fixed assets grew by 7.7%.
the report also shows that benefiting from primary metal, increased market demand for products such as computers, electrical equipment, in January this year United States factory orders rose more than 3%, show United States manufacturing continued the recovery.
United States 25th release of the Ministry of labour statistics, to the end of last month, United States jobs than in February increased by 1.3 million last year, 44 of 50 States employment opportunities increase, 41 States the unemployment rate declined.
United States Treasury and the Fed recently announced economic measures, also reflecting the recovery trend.
the Federal Reserve announced on 18th, allows "stress test" some of the major banks to raise dividend after asset disposal operations such as dividends, including increasing dividend bonus or pay dividends, buying back stocks again, or repay Government funds. Fed on large banks share the "green light", that United States banking institutions of the financial situation improved considerably. The Fed said that at the end of 2008 to the end of 2010, United States's 19 largest banks increase the value of common stock of more than $ 300 billion, quantity and quality of bank capital has improved.
21 day United States Treasury will sell during the financial crisis starting from this month to buy the remaining mortgage-backed securities. United States mortgage-backed securities held by the Government a total of 142 billion dollars, mainly by two mortgage agencies Fannie Mae and Freddie Mac to issue. Mary, Assistant Secretary of the Treasury? Miller said, this is one of the US Government out of financial supporting policy initiatives.
ahead of Fed officials consider ending QE2
member, Saint Louis Federal Reserve Fed Chairman James? Brad (JamesBullard) 26th that, given the current United States economic recovery well, on the Fed's next meeting, especially on the monetary policy meeting of April should discuss whether it should be concluded this completed by the end of June this year in advance of the second round of quantitative easing. He pointed out that sustained low interest rate policy of the Federal Reserve, or will cause the United States economy into a "liquidity trap".
before Brad attitude, several Federal Reserve officials also said the United States continues to previously suspected of easing monetary policy.
President of the Philadelphia Fed said puluosuo 25th, the Fed will tighten monetary policy in the near future have to, and exit after the massive easing measures implemented, he supports exit policies, including interest rates and at the same time reduced the balance sheet. He expressed strong fears of inflation expectations, the Fed needed to remain vigilant, and that oil prices will not lead to inflation, monetary policy will only lead to inflation.
United States Federal Reserve Bank of Atlanta President Lockhart (DennisLockhart) 25th also said that once numerous evidence shows prices rising too fast, will support the Fed raising rates in response to inflation.
United States Dallas Fed President Fisher (RichardFisher) pointed out that on the same day, can really solve the United States is the problem of strengthening United States fiscal discipline and stop of quantitative easing. Fisher had previously said the Fed's quantitative easing has implemented too far.
short or maintain low interest rates
many economists believe that although the United States economy good recovery, But is still facing many uncertainties: high unemployment and weak economic recovery of real estate power; Europe's sovereign debt crisis and Japan earthquake tsunami disaster could affect United States exports; in addition, international oil prices and rising food prices with the inflationary pressure will allow United States expenditure on consumer and business confidence is stifled.
"Reuters and the University of Michigan consumer confidence index" to 67.5 per cent this month, reached lowest point since November 2009. Recently released United States February second-hand housing and new homes sales for many years a new low, but also to the people on the United States shadow over the economic recovery is expected.
, Governor of the Federal Reserve Bank of Chicago's Evans (CharlesEvans) 25th said, although the United States economy gradually recovers the necessity of carrying out the third round of quantitative easing is unlikely, but he was in favour of the Federal Reserve started back to wait a few months before injection of liquidity in the financial system, while maintaining a low level of interest rates remains appropriate.
Switzerland credit, Managing Director, Asia Chief Economist Dong Tao, 26th in a speech that, United States with large fiscal deficits, fed purchases reach one-eighth directly, once the Fed exit, once liquidity started pulling back, for United States Treasury bond market impact can be extremely shocked.
Dong Tao believes that the Fed's exit are relatively late, expected to end next year interest rates.
