首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
The US economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices, a
The US economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices, a
admin
2017-03-15
60
问题
The US economy should expand modestly in coming months as a healthy job market continues to trump weakness in housing prices, a gauge of future business activity showed on Thursday.
The Conference Board said its index of leading economic indicators rose a higher-than-expected 0.3 percent in May, boosted by rising stock prices, higher consumer expectations and the availability of jobs. Economists said that jobs should continue to be plentiful, despite an unexpected surge in jobless claims last week.
The Labor Department reported Thursday that unemployment claims totaled 324,000 last week, up 10,000 from the previous week, to the highest level since mid-April. While the big increase was unexpected, analysts said it did not change their view that the labor market remains hardy. Even with the increase, analysts noted claims remain close to their average—319,000—over the first 5.5 months of the year.
While the overall US economy grew at a lackluster 0.6 percent in the first three months of this year, many analysts believe the pace has picked up significantly in the spring.
The Conference Board’s upbeat report shows that the impact of the housing slump has been fairly contained so far, said Patrick Newport, an economist with Global Insight. "It just hasn’t spilled over to the rest of the economy," he said. It also indicates the economy is doing better than last month’s leading indicators report suggested, Newport said.
May’s increase reversed a revised 0.3 percent drop in April, down from the original 0.5 percent decline that economists blamed on soaring gas prices and a drop in building permits. The report, designed to forecast economic activity over the next three to six months, tracks 10 economic indicators.
The advancing contributors in May, starting with the largest, were weekly unemployment insurance claims, stock prices, building permits, consumer expectations and vendor performance. The negative contributors, beginning with the largest, were real money supply, average weekly manufacturing hours and interest rate spread. With the latest report, the cumulative change in the index over the past six months has gone up 0.3 percent.
Wall Street is fairly confident that falling home prices and rising mortgage defaults won’t damage the broader economy. Treasury Secretary Henry Paulson said Wednesday the housing slump is nearing an end and that the losses so far have been contained. But if mortgage rates keep rising, fewer people will want to buy homes and fewer homeowners will be able to refinance. If that happens, the residential real estate market’s troubles could snowball and dampen consumer spending.
The Federal Reserve’s Open Market Committee, which sets short-term interest rates, meets next week and is widely expected to leave rates unchanged as they have been for about a year. A pickup in the economy has raised worries about rising inflation, however.
Stocks slipped on Thursday, after the Philadelphia Federal Reserve’s report on manufacturing activity in its region jumped a stronger-than-expected 18 in June, up from 4.2 in May. In midday trading, the Dow Jones industrial average fell moderately, declining 36.66, or 0.27 percent, to 13,452.76 after dropping 146 points Wednesday on a surge in bond yields. Broader stock indicators moved sideways. The Standard & Poor’s 500 index fell 1.71, or 0.11 percent, to 1,511.13 and the Nasdaq composite index advanced 1.48, or 0.06 percent, to 2,601.44.
On Tuesday, the Commerce Department said construction of new homes fell in May as the nation’s homebuilders were battered by the crisis in sub-prime lending and rising mortgage rates. Industry sentiment about the housing market fell in June to the lowest point in more than 16 years.
Secondary effects from the housing downturn like layoffs and restrained consumer spending could also start surfacing, said Aaron Smith, an economist with Moody’s Economy.com. But the overall drag on the economy from the housing industry should decline in coming months, he said. "Building permits cannot continue declining at the pace they have," Smith said.
What is Patrick Newport’s view over the falling housing prices in recent months?
选项
答案
The impact of the housing slump has been controlled. It has not exerted negative effects on other sections of national economy. Economy is doing better than last month’s leading indicators report suggested.
解析
转载请注明原文地址:https://kaotiyun.com/show/TwSO777K
本试题收录于:
NAETI高级口译笔试题库外语翻译证书(NAETI)分类
0
NAETI高级口译笔试
外语翻译证书(NAETI)
相关试题推荐
Theywanttobuildatechnosystemwhichincentivestouseotherpeople’stechnologyareminimized.
Thefactorywaspublicly________bytheEnvironmentalProtectionAgencyforhavingneglectedenvironmentalprotocols.
Still,takingtogether,China’seffortsareshapingatechnosystemquitedifferentfromanyintheWest.
下面你将听到一段关于中国法制建设的讲话。当今是法行天下的时代。国运之兴盛,政治之昌明,社会之稳定,经济之发展,民族之团结,文化之繁荣,人民之安居乐业,都离不开法律之维系和法律之保障。中国也不例外。一个国家采取什么样的治国方略,关系着国家的前途和命
TodaywelaunchUNICEF’sannualflagshipreport:"TheStateoftheWorld’sChildren2009",whichthisyearfocusesonmaternala
下面你将听到一段有关非洲粮食安全问题的讲话。IampleasedtowelcomeyoutotheUnitedNationsforthisfirstmeetingofyourcontactgroup.Y
有些事情是孩子在出生时就可以做的,比如说呼吸和吃东西。很快,他们就学会区分不同的人,并且开始发出类似于说话的声音,听起来似像讲话。关键词汇:atbirth:出生;distinguish:区分;various:不同的。这句话做笔记需要记下的是breath
我确信考试对于学习是有积极影响的,我的意思是它们使学生更好地掌握所学科目,这对于医学等领域来说是必需的。然而我也承认考试会给学生带来过度的压力,导致一些与压力相关的问题。我认为如果有关人士能对考试的方法更有效地加以把握,大部分问题都可以避免。总的说来,考试
数年前,一家公司对2000多人进行采访,询问对他们最重要的一两件事情是什么。结果表明,对大部分受访者而言,朋友要比住房、工作、衣服或是轿车更为重要,但很少有人能了解建立深厚友谊的秘密所在。专家们就如何建立更可靠的友谊给出如下建议:首先,要对朋友更体贴;第二
随机试题
Kenya’sTsavoGamePark______SusanofthewildlifeparkshehadvisitedinNewJersey.
行于背部中央,总督一身之阳经,为“阳脉之海”的经脉是
25岁女性,已婚未产,因子宫肌瘤行手术治疗。术中见假包膜完整,术后病理提示低度恶性平滑肌肉瘤,无血管受累。最佳治疗方案是
A.补阳还五汤B.安宫牛黄丸合羚羊角汤C.镇肝熄风汤D.涤痰汤加减送服苏合香丸E.星蒌承气汤治疗脑血栓形成气虚血瘀证的首选方剂是
女,24岁,秘书。1个月前由于工作失误受到领导当众批评,患者感到委屈,出现失眠,早醒,对前途悲观失望,整天闷闷不乐,很少与人交往。近1周来,一反常态,出现兴奋话多,说终于战胜了自己,自我感觉好。自我评价高,说领导批评她是因为嫉妒她的才能,不认为自己有病。
“备案号”栏应填:“提运单号”栏应填:
下列关于企业战略的表述错误的是()。
给定资料1.2013年11月10日22点,杭州华星时代大厦,天猫“双十一”购物节主战场,灯火通明。据悉,11月11日当天,阿里组建了5000人团队加班加点保障“双十一”顺利进行。为了防止意外,阿里这次为了天猫“双十一”购物狂欢节在各个环节准备了多
ChooseTWOletters,A-E.Writethecorrectletters.WhichTWOstatementsaremadeaboutworkbytheRiverThamesbeforetheeigh
ThethreeAmericanswereawardedtheNobelPrizeineconomicsfortheir______.
最新回复
(
0
)