The Economic Week In Review.... - 06/27/08 03:30 PM

 
Of note:
*FOMC left rates unchanged with the target funds rate at 2% and the discount rate at 2.25%
 
* Consumer Confidence-came in at 50.4 one of the lowest readings and some economists are surprised since, in their words, "the expansion of the economy is underway", meaning we are not in a recession. I would argue that most individuals are not feeling the positive effects of an expansion. Consider that overall real wages have remained stagnant in the last 30 years and that prices for many essential items have increased over that time, not the least of which … (0 comments)

 
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Burbank Real Estate Agent Ana Connell

Burbank, CA

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G & C Properties/John Aaroe Group

Address: 1417 W. Kenneth Road, Suite B, Glendale, Ca, 91201

Office Phone: (818) 244-5400

Cell Phone: (818) 795-8474

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