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Look at finance now, and the United States Congressional Budget Office has delivered a grim assessment1 for the country’s economy as the president continues to push his jobs creation package. It says the economy will grow more slowly than anticipated over the next year. It also expects unemployment will remain high through next year’s presidential election campaign.
"In our view, incoming data and other developments since early July suggest that the economic recovery will continue, but at a weaker pace than we had anticipated. With output growing at only a modest rate, CBO expects employment to expand very slowly, leaving unemployment rate as depicted2 by the dots in the figure close to nine per cent through the end of next year."
Let’s go to the markets now, and the Dow is up 45 points, the NASDAQ closed 17. The S&P500 rose 12. And in London, the FTSE closed 45 points higher.
Checking commodity prices, West Texas Crude is trading at 90 US dollars and 22 cents a barrel. Tapis crude’s at 120 US dollars and 47 cents a barrel. And gold is at 1,833 US dollars and 69 cents an ounce. The Australian dollar has shed some ground. It’s buying a dollar and three US cents, 75 euro cents and 65 pence sterling3.
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1 assessment | |
n.评价;评估;对财产的估价,被估定的金额 | |
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2 depicted | |
描绘,描画( depict的过去式和过去分词 ); 描述 | |
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3 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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