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Board = Conference Board, New York, New York; Fannie Mae = Fannie Mae, Washington, D.C.; GSU - EFC = Georgia State University, Economic Forecasting Center, Atlanta, Georgia; Moody's Economy = Moody's Economy.com, Westchester, Pennsylvania; Mortgage = Mortgage Bankers Association, Washington, D.C.; NAM = National Association of Manufacturers, Washington, D.C.; Perryman Gp = The Perryman Group, Waco, Texas; Royal Bank of Canada, Toronto, Ontario, Canada; S&P = Standard & Poor's, New York, New York; US Bank = U.S. Bank, Minneapolis, Minnesota; US Chamber = U.S. Chamber of Commerce, Washington, D.C.; Wells Fargo = Wells Fargo Bank, San Francisco, California. Despite the robust labor market, wage inflation remains checked, leaving firms with more resources to invest in long-deferred investment in capital equipment. According to the Pew Research, in the year 2000, about 13 percent of those aged 65 years or older reported working full or part-time. Inflation and inflation expectations remain stubbornly low, leading to flattening of the yield curve, where the gap between short-term and long-term Treasury bill yields have narrowed significantly.
Details
Households;
Employment;
Housing starts;
Mortgage companies;
Central banks;
Consumer Price Index;
Phillips curve;
Budgets;
Labor market;
Transfer payments;
Wages & salaries;
Consumers;
Labor force;
Consumption;
Gross Domestic Product--GDP;
Consumer spending;
Unemployment;
Disposable income;
Yield curve;
Inflation;
Economic growth
1 Associate Professor of economics at Pfeiffer University School of Graduate Studies