Do you know about - Holiday Season Brought Brighter Time for Stores
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Holiday Season Brought Brighter Time for Stores Tube. Duration : 4.05 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Federal Reserve Interest Rates . I'm Alex Villarreal with the VOA Special English Economics Report, from voaspecialenglish.com | http The season for buying Christmas gifts was the busiest time for most stores and online retailers in the United States. Final numbers for the holiday season including after-Christmas sales will not be known for a while. But a report on retail sales in November suggested that economic growth may be gaining speed. The Commerce Department said sales increased for the fifth month in a row. They grew by eight-tenths of one percent over October. But the report came the same day the central bank said the economy is not growing fast enough to reduce unemployment. The jobless rate is nearly ten percent. So, policy makers at the Federal Reserve voted to continue a program of buying government bonds. That program, launched in November, could inject six hundred billion dollars into the economy. The aim is to increase economic growth by lowering long-term interest rates. That would reduce borrowing costs for businesses and individuals. But long-term rates have risen since the Fed launched its latest program of so-called quantitative easing, known as "QE2." One way to get a sense of how Americans feel about the economy is through retail sales. Consumer demand drives about seventy percent of the nation's economic activity. The National Retail Federation says its members employ twenty-five million people in the retail and services industry. Those businesses reported almost two and a half ...
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