Leading indicators rise in September NEW YORK (AP) - The economy's health improved for the first time in five months in September as supplier deliveries and new orders strengthened, a private research group said Monday. The New York-based Conference Board said its monthly forecast of future economic activity rose 0.3 percent, a better reading than the 0.2 percent drop expected by Wall Street economists surveyed by Thomson/IFR.
The index had fallen a revised 0.9 percent in August and 0.7 percent in July. A one-time jump in the money supply as the federal government undertook a series of expensive bailouts helped September's index, said Ian Shepherdson, chief U.S. economist at High Frequency Economics. In September, the government seized control of Fannie Mae and Freddie Mac, the largest funders of mortgages in the U.S. It made an $85 billion emergency loan to American International Group Inc. The Federal Reserve and central banks in Europe pumped $180 billion into money markets to free up lending between banks and the government undertook a $700 billion rescue of troubled bank assets. http://www.breitbart.com/article.php?id=D93UDJ5O0&show_article=1 --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
