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S&P Credit Research4692 word report
published Oct 30, 2006
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S&P Credit Research
| Abstract: | Real GDP growth slowed to 1.6% in the third quarter, the slowest rate in three years. Core inflation also decelerated to 2.3% from 2.7% pace in the second quarter. Together, these figures give the Fed more reason to remain on hold. Other economic releases this week included: As expected, the Federal Open Market Committee (FOMC) kept the federal funds rate at 5.25% at its Tuesday/Wednesday meeting. The statement was only slightly changed from the September press release. Durable orders soared 7.8% in September, four times stronger than expectations, because of a huge surge in civilian aircraft orders. Shipments, however, dropped 2.8%. Sales of existing homes dropped 1.9% in September to an annual rate of 6,180,000. The median home price fell
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| Brief Excerpt: | RESEARCH Ratings Definitions Economic Research: U.S. Weekly Financial Notes: The Kind Of September Publication date: 30-Oct-2006 ( Editor's Note: The original version of this article, which was published on Oct. 27, 2006, contained an...
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| Report Type: | Commentary
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
