Bloomberg reported that European leaders signaled rising confidence that their region’s crisis is near an end, while Fed Chairman Ben S. Bernanke warned that a U.S. recovery isn’t assured.
The euro area’s woes are “almost over” after a slow initial response by policy makers, Italian Prime Minister Mario Monti said in Tokyo. German Chancellor Angela Merkel said that the crisis is ebbing and her country’s borrowing costs will probably rise as its status as a haven wanes, Bloomberg noted.
In an interview, Bernanke is quoted by Bloomberg as saying, “it’s far too early to declare victory.” The jobless rate remains too high and policy makers don’t rule out further options to boost growth.
To read the full Bloomberg article click here.
No tags available
I recently met a sales rep (let’s call him Dario) who believed his company’s rates were too high. Every time he got an application, he would encounter some type of rate objection. He would end up discounting the deal, or... read more
At this time last year, it was pretty clear U.S. commercial truck chassis and equipment sales would keep rising through the end of 2015 and into 2016. However, there was some debate surrounding the anticipated growth rate. After commercial truck... read more