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
82
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
Howmuchphysicalactivityshouldteenagersdo,andhowcantheygetenough?Manyteenagersspendalotoftimebeingsedent
Onewomanwhochewedwithhermouthopenandgaveeveryonecruelnicknameshadlostbothofherparentsandgaveamental-health
EveryyearBerryBros&Rudd,Britain’soldestwinemerchant,issuesapocket-sizedpricelist.Readingoldcopiesmakesamateur
首先,我感谢莱文校长的邀请,使我有机会来到世界著名学府耶鲁大学,同青年朋友和老师们相聚在一起。进入耶鲁大学的校园,看到莘莘学子青春洋溢的脸庞,呼吸着书香浓郁的空气,我不由回想起40年前在北京清华大学的求学岁月。当年老师们对我的教诲,同学们给我的启发,我至今
主席先生,女士们、先生们:目前,国际形势正处于深刻变化之中。和平与发展仍然是当今时代的主题,总体和平的国际环境为世界经济发展提供了有利条件;科技进步日新月异并孕育着新的重大突破,前所未有地提高了人类认识、把握宏观和微观世界的能力,展现了新的发展
当年为了实现乌拉圭回合,各个成员费了很大劲儿,但事后的结果并不乐观,世界经济更不平衡,两极分化越加严重。面对这一现象,发展中国家不能容忍,发达国家也感到了危机。正因为如此,大家才把多哈回合定为发展回合。这是WTO历史上巨大的进步,也是各个成员富有远见的选择
信息通讯技术进步带来无限机遇,推动商务和生产走向高增值,并改善了香港公民的生活质量。同时,这一进步也在多方面带来了新挑战,例如信息安全、数码环境中知识产权及私稳保护、媒体交汇趋势下的适当监管模式方面。领先的数码经济体系需抓住机遇,接受挑战,才能稳居世界前列
我想谈一下全球经济增长与宏观政策作用之间的关系。我先来回顾一下全球经济。全球经济的表现比一年前人们所担心的要好得多了,现在预计全球经济增长今年将达到4.5%,为五年以来的最高水平。美国再一次成为全球经济增长的主动力,但是中国急速的工业化进程也刺激了全球的经
要想成功,跨国公司的经理们不能坐等,而是应该主动采取措施,抓住机遇应对挑战。关键词汇:sitbackandwaitforthingstohappen:坐等事情发生;rather:相反地;approachto:处理的方法。难点:句子的语言组织
随机试题
脾脏触诊方法不正确的是
肾阳不足、寒邪内侵的腹痛特点是
[2007年,第109题]运算放大器应用电路如图7.5-8所示,在运算放大器线性工作区,输出电压与输入电压之间的运算关系是()。
隧洞导流较适用于()。
通过学历认定或考试均可取得的职业资格是(),这是政府规定专业技术人员从事某种专业技术性工作的学识、技术和能力的起点标准。
有“淮左名都”之誉的是()。
教养这东西,人家以为要出身名门才能拥有。其实这是一种常识,只要稍加注意都可学到,和你的出身没有关系。没有教养的人是懒惰的人,不求上进的人。教养这东西是自发的,自己肯学一定能学会。这段文字告诉我们:
海豚式管理是指管理者在实施管理行为的过程中,从强调“人的关系”和“人的资源”模式(以善待人和关于利用人为基础)转变为以原则为中心的管理模式。海豚式管理者的领导风格是信念坚定、追求公平,既关心工作成果,更关心员工成长,他们用脑和心来领导,以自信、宽容来运作,
6个人分乘两辆不同的汽车,每辆车最多坐4人,则不同的乘车方案有()种。
HowtheFirstStarsintheUniverseCameintoExistenceResearchersbelievethatouruniversebeganwiththeBigBang(宇宙大爆炸)
最新回复
(
0
)