2010 May by State Forex Station

Archive for May, 2010

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05May

Lending Standards Stay Tight at Banks in US

Posted by admin as Finance

The credit crunch is not over for small businesses and consumers. According to the Federal Reserve’s latest senior loan officer survey, it is revealed that most US banks kept credit tight in the first quarter of the year, and some tightened lending terms further.
Some categories indicated that improvement after years of lending cutbacks. Banks reported [...]

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Tags: Lending Standards

02May

Consumers Help Drive U.S. Economy to 3.2% Growth Rate

Posted by admin as News

According to the Commerce Department, it is announced that helped along by consumer spending, the US economy has expanded for three quarters in a row.
After dragging their heels for several months, consumers finally become a major contributor to economic growth in the first quarter of 2010. Consumer spending grew at an annual rate of 3.6%, [...]