ECONOMIC OUTLOOK AND MONETARY POLICY RECOMMENDATIONS November 2, 2012 New York, NY

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ECONOMIC OUTLOOK AND

MONETARY POLICY RECOMMENDATIONS

November 2, 2012New York, NY

Discussions

State of the

Economy

Internal and

External disruptions

Housing Market

Labor Market

REAL GDP Rate

Household Consumption Increasing

Even though Disposable Income is Decreasing

Consumer Sentiment is Optimistic Despite the “Fiscal Cliff”

Retail Sales

Fixed Investment & Government Spending Lagging

The Housing Sector is Recovering

New Residential Construction Rate

Construction Spending Rate

Mortgage Rates at a low…

New Home Sale Rate

Home Price Index Rate

Financial Markets Recovering Some Ground…

Unemployment Rate

Civilian Unemployment

Nonfarm Payroll Employment Rate

Industrial Production

Capacity Utilization

Price Stability Rate

Household Debt Service and Financial Obligation Ratios

Household Consumption Rate

Nominal Interest Rates

TIPPS-10 YEAR

Exports in the decline

Oil Prices in the Decline= More Disposable income for Consumers

U.S Foreign Exchange Rates

Too much money laying around the Reserves

Commercial & Industrial Loans in the Decline

Unemployment is still too high

The Unemployed are becoming Unemployable..

The Euro zone Economy= Drag for the U.S Recovery?

Emerging Economies Cooling Down

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