Assignment #8
 

Briefly assess the latest GDP report, which came out on Tuesday, November 26.  How does the latest report change our perception of where the economy is going, if at all?  Comment on the reasons for the revision to GDP growth. 

Looking at the latest new home sales numbers and the Conference Board's consumer confidence index (both out on November 26), the personal income, consumer spending, U. Michigan consumer sentiment, and durable goods orders reports (all due out on Wednesday, November 27), along with the Institute of Supply Management (formerly NAPM) report and auto sales (due out on Monday, December 2), give an update on whether the recovery appears to be faltering or firming.  What would you advise Chairman Greenspan to do at the Fed's next FOMC meeting on December 10?
 

Please turn in this assignment in class Thursday, December 5.