Federal Reserve Bank of New York, Second District Project by Rodolfo Capiro Joseph Seifried Timothy F. Geithner President and CEO since November 17, 2003.
Small Increase on Real Consumption at the National Level, due to the Stimulus Checks
Gross Domestic Product Growth in the 1 st Quarter for the National Economy
Price Increases and Inflation Outlook for the National Economy
National CPI as the Leader Indicator of Inflation for U.S. Consumers
Reduction of Payroll + Rise of Unemployment as Signs of Weakness on the Labor Markets
Personal Income Decline From Previous Months attributed to Weak Business Conditions
Regional CPI Mostly in Line with the National Average
Flat Payroll Employment due to Layoffs on the Financial Sector of the Regional Economy
More Subprime Related Writedowns to Come for Security Dealers on the Coming Quarters
The Falling Dollar, Cheaper U.S. Goods, Greater Foreign Demand, Boost on Exports
Crude Oil Futures over $140 Translates into $4.10 a Gallon of Gas, National Average
NO Change on the Federal Funds Interest Rate at 2.00%, Until Signs of Economic Recovery at the Regional and National Level Economic Slowdown would Put Downward Pressure on Prices More Writeoffs on the Coming Quarters Causing Weakness on Financial Markets The Risk of a U.S. and a Global Recession Outweighs Prices Increases