The U.S. economy looks headed for a rough autumn, with slowdown
threats looming from the housing market, the Middle East and Washington.
Oil and gasoline prices are rising and could shoot up further if Western countries launch military strikes on Syria, pinching U.S. consumers who do not have much disposable income to spare. The housing recovery, which has been the economy’s hottest spot for the past year, is showing signs of cooling as mortgage rates rise.
In Washington, the Federal Reserve could be poised to start winding down its latest round of monetary stimulus as soon as this month. Congress and President Obama appear set for another series of down-to-the-last-second fights over funding the government and raising the nation’s debt limit to ensure the United States does not default on any interest payments.
http://www.washingtonpost.com/business/economy/for-workers-and-the-economy-autumn-could-be-scary/2013/09/03/26448f9e-118a-11e3-85b6-d27422650fd5_story.html
Oil and gasoline prices are rising and could shoot up further if Western countries launch military strikes on Syria, pinching U.S. consumers who do not have much disposable income to spare. The housing recovery, which has been the economy’s hottest spot for the past year, is showing signs of cooling as mortgage rates rise.
In Washington, the Federal Reserve could be poised to start winding down its latest round of monetary stimulus as soon as this month. Congress and President Obama appear set for another series of down-to-the-last-second fights over funding the government and raising the nation’s debt limit to ensure the United States does not default on any interest payments.
http://www.washingtonpost.com/business/economy/for-workers-and-the-economy-autumn-could-be-scary/2013/09/03/26448f9e-118a-11e3-85b6-d27422650fd5_story.html
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