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Key Consumer Trends in the United States Financial Industry
Most market forecasts suggest a slower pace of economic growth in the first half of 2008.i Federal Reserve Chairman, Ben Bernanke, notes that consumer spending "appears to have slowed significantly," while higher energy prices and a weakening job market could weigh further on consumption. "The business sector has also displayed signs of being affected by the difficulties in the housing and credit markets," notes Mr. Bernanke. Financial markets, meanwhile, remain under "considerable stress," he adds, and officials will monitor financial developments "closely". Download the entire white paper free. |
