George S. Cole
George S. Cole Articles
FOMC Stands Pat; Teamster Victory; Credit Demand Surging
To no one's surprise, the Federal Open Market Committee (FOMC) on Tuesday elected to leave the pivotal fed fund rate unchanged at 5.5%.
Domestic Economic News Remains Favorable; UPS Strike Continues
Reflecting the strong dollar and the continuing weakness of labor in a deregulated and globalized economic environment dominated by the corporate right, inflation pressures...
Economy Still Robust
The economy remains strong. First quarter real GDP growth was upward revised to 5.8% last week, April durable goods orders came in above expectations, and consumer confidence hit a 28-year high.
