May 27, 2008
Article #2
Retail Sales Suggest Economy
May Be Stronger Than Expected
Wholesale Prices Surge on Energy
By JEFF BATER and BRIAN BLACKSTONE
December 13, 2007 10:51 a.m.
WASHINGTON — U.S. retail sales surged during November, making a surprisingly strong, broad-based climb that suggests the economy might not be as weak as feared. Meanwhile, U.S.wholesale prices soared last month at their fastest pace since the Nixon Administration, spurred by record gains in energy prices. (more…)
May 27, 2008
Dave Mahorney
Sandy Lenchner
Econ 202
December 1, 2007
Wall Street Journal Articles
Article #1
Lookahead: Gimme Gimme Gimme
By ROB CURRAN, DANIELLE LEGRAND and DEBORAH LYNN BLUMBERG
December 8, 2007 2:16 p.m.
Like a spoiled child awaiting holiday gifts, the stock market is stamping its proverbial foot and saying: “I want a rate cut, or else.”The combination of slowing jobs growth, somewhat weakened retail sales, and continued credit and housing market distress, has investors clamoring for more assistance from the Federal Reserve.And — after this week’s rally and September’s indulgent 50-basis point move — the market may even turn its nose up at a 25-basis point cut Tuesday when Fed policy makers meet. (more…)
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