Go Finance Reporting in WASHINGTON - U.S. Federal Reserve (Fed) rate State of Uncle Sam's economy has shown a good condition since last March. The Fed in its periodic reports said that U.S. economic activity in general continued to improve.
"Many districts are described in a moderate improvement, but most district states that in the various sectors of its economy began to improve" the Fed said, as quoted by AFP on Thursday (04/14/2011).
But the Fed also warned that high oil prices should remain a consideration. "The cost of commodities continues to move up will affect the price,"said Fed.
Alistair Bentley from TD Economy said that the Fed's report offers some hope that despite the disappointing first-quarter data, the U.S. economy back on a stronger footing than six to eight months ago. "These data are pieces that are appropriate to achieve the economic growth during the second and third quarter," said Bentley.
However, he also said the report was not probably used to greet any major changes to the policy of the Fed. As known earlier, the central bank's interest rate committee will meet on April 26 to 27 this. Various parties expect the Fed to keep interest rates at very low levels to continue rolling the target of the U.S. purchase the assets at $ 60 billion figure that will further streamline the economy. (GoFinance)
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