NEW YORK – It is too soon to determine the end of the recession, according to the Business Cycle Dating Committee of the National Bureau of Economic Research.
After reviewing the latest data for all relevant indicators to determine a possible date of the trough in economic activity marking the end of the recession that began in December 2007, committee decided that the determination of the trough date on the basis of current data would be premature.
While the state is most concerned about stopping the fires, credit rating agencies are monitoring the situation.
"What the market's really trying to figure out is what that Warsh regime is going to mean," said Tom Kozlik of HilltopSecurities. "Folks are really trying to position their mindsets, position their portfolios."
The Wall Street banks targeted in the rate-rigging lawsuit wanted the top court to overturn class certification.
The U.S. Department of Transportation is looking for proposals that leverage public private partnerships to solve traffic bottlenecks through the use of tolled express lanes .
"Investors typically start positioning for heavy summer redemptions in summer, so the market typically performs well enough through the first half of June and we do not believe that this year will be any different," Barclays strategists said.
The state's expectation of a deficit in the coming biennium budget was cited in the outlook revision.
