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Topic: Business
Number of pages / Number of words: 4 / 968
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If the consumer is slowing consumption faster than corporate America expects, it could lead to severe compression of corporate profit margins.

On the international stage, it appears that the FOMC has company in choosing to hold rates steady at their current level. The European Central Bank left its benchmark rate unchanged at 3% recognizing a slowing economy and the continued risk of inflation...


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The European Central Bank left its benchmark rate unchanged at 3% recognizing a slowing economy and the continued risk of inflation. The ECB suggested that they would raise rates should inflation not abate (Wall Street Journal). In Asia, Japanese industrial output declined in July after finally showing signs of life at the beginning of the year (White and Buckland) while China just revised their 2005 GDP growth figure to 10...


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