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Hudson Institute Economic Report

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Hudson Institute Economic Report (updated bi-weekly and the first Friday of every month), March 14, 2008.

  • “Americans received surprisingly favorable data on inflation this week with news that consumer prices were flat in February. Nevertheless, markets fell due to the financial difficulties of Bear Stearns, the ongoing credit crunch, and the declining dollar, which is pushing up oil prices. The dollar fell to its lowest point against the yen and euro since 2000. In another sign of the economy’s problems, retail sales fell by 0.6 percent in February, although sales were 2.6 percent higher than a year ago. Most analysts are forecasting negative GDP growth in the first quarter of 2008.”
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