Paul Ashworth
Paul Ashworth
Paul Anthony Ashworthis a former English footballer and assistant manager who is currently working as Head Coach at FK Ventspils in Latvia...
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It is not clear exactly why confidence is falling but it may have been dented by concerns over the cooling housing market. The contrast between the buoyancy of current economic conditions and caution over the future is now the sharpest since 9/11.
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He has been careful to address all possible concerns about his leadership in Congress, in financial markets and among his Fed colleagues.
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Today's inflation figures will reinforce the belief that the Fed only has one or two more interest-rate hikes up its sleeve before it rests. The lack of any significant upward pressure on inflation should help persuade the Fed to raise rates no higher than 5 percent.
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It is quite sensible for them to sit back and see where they are.
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This will no doubt give protectionists in Congress some ammunition as the mid term elections approach.
below dip feared growth
We previously feared growth could dip below 2 percent.