Less U.S. cities are expected to show growth in 2013

Source: Bloomberg
According to the U.S. Conference of Mayors data, almost a third of the biggest U.S. cities and metropolitan areas will report no economic growth or even a decline in 2013. 119 out of 363 areas are included in that list, comparing with 73 areas in 2012. Economists explain the pessimistic outlook with the recent government Shutdown and the budget sequestration in the previous year.
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Tue, 19 Nov 2013 07:40:03 GMT

U.S. Senate to nominate Janet Yellen this week

U.S. Senate Banking Committee plans to vote for a nomination of Janet Yellen as the new chairwoman of the Federal Reserve later this week. According to political experts' expectations, Democrats are going to vote for the nomination, while some Republicans oppose Yellen's plan to continue the bond-purchasing program, as the Fed's balance sheet has already reached almost $4 trillion.

Tue, 19 Nov 2013 07:18:03 GMT

Dudley: U.S. economy will continue to recover

William Dudley, the head of the Federal Reserve Bank of New York said on Monday that the U.S. economy is gaining pace of growth, as the labor market improves and the economy rises better than economists expect. At the same time, he pointed out that still it is not a time to finish the QE program, while the Fed's FOMC

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