Report on the Economy
October 30th, 2006In U.S. the Fed left interest rates unchanged at 4.25%. In its
statement
the Fed said " Going forward, the economy seems likely to
expand at a
moderate pace". Friday's report on economic growth showed that
the
economy grew by 1.6% in the third quarter compared to
expectation of 2%
growth. This was due to slow down of housing and exports. In
fact the
housing slow down subtract ...