Research the current value of the following economic inddicators GDP cpi NONFARM
ID: 2505918 • Letter: R
Question
Research the current value of the following economic inddicators
GDP
cpi
NONFARM PAYROLL EMPLOYMENT
INDUSTRIAL PRODUCTION/CAPACITY UTILIZATION
ADVANCE REPORT ON DURABLE GOODS HIPMENT,NEW ORDERS,AND UNFILLED ORDERS
HOUSING STARTS
RETAIL SALES
S&P 500 STOCK INDEX
ANALYSE THE CURRENT MACROECONOMIC SITUATION
DISCUSS EXPECTATIONS OF CHANGE IN ECONOMIC, FINANCIAL AND INTERNATIONAL CONDITIONS IN THE NEAR FUTURE
IDENTIFY ANY ECONOMIC ISSUES OF SPECIAL CONCERN
RECOMMEND WHETHER THE FOMC SHOULD RAISE, LOWER OR KEEP SHORT TERM INTEREST RATES THE SAME
Explanation / Answer
A) GDP= $15.68 trillion
GDP per capita= $49,965.27
B)CPI=232.957 that is there has been rise of 132.957% since 1983
C)Non farm payroll has increased to 74 thousand in Jan.2014
D)Industrial production= It has increased by 3.7% as calculated in dec. 2013
E)New order decreased by 4.3% to value of $229.3 billion
Shipment decreased by 1.9%
Unfilled order rose by 0.4%
F)Housing start has increased to 23 %
G)Retail sales has increased by 5 %
H)Current index is 1755.20 with a increase by 0..76 %
CURRENT MACROECONOMIC SITUATION: Currently GDP is growing at a very slow rate and personal income is decreased by 0.2%.Also U.S. current-account deficit decreased in the third quarter of 2013 and State personal income growth slowed slightly to 1.1 percent in the third quarter of 2013, from 1.2 percent in the second quarter.
Change in economic,financial and international conditions can arise if the economy is stable and there should be rise in every area except inflation.It is expected that there will be good rise in GDP till the end of year and international condition depend upon the trade and if that goes well then there will be sure rise in internnational condition.
Some of the economic issues of major concern are:
1.Growing crisis in form of recession.
2.Growth of china as a major exporter to all the countries
3.Increase in domestic business cost
FOMC should lower interest rates as it help to maintain financial system to a proper level.
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