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This 2 page Class Notes was uploaded by Miss Rhianna Pouros on Sunday October 25, 2015. The Class Notes belongs to FINA 4200 at University of North Texas taught by Don Macdonald in Fall. Since its upload, it has received 51 views. For similar materials see /class/229108/fina-4200-university-of-north-texas in Finance at University of North Texas.
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Date Created: 10/25/15
The unemployment rate 90 percent declined by 04 percentage point for the second month in a row See table A l The number of unemployed persons decreased by about 600000 in January to l39 million While the labor force was unchanged Based on data adjusted for updated population controls See table C Source httpwunnl Ms 39 quot IM0htm Information received since the Federal Open Market Committee met in December confirms that the economic recovery is continuing though at a rate that has been insufficient to bring about a significant improvement in labor market conditions Growth in household spending picked up late last year but remains constrained by high unemployment modest income growth lower housing wealth and tight credit Business spending on equipment and software is rising while investment in nonresidential structures is still weak Employers remain reluctant to add to payrolls The housing sector continues to be depressed Although commodity prices have risen longer term inflation expectations have remained stable and measures of underlying inflation have been trending downward The Committee will maintain the target range for the federal funds rate at O to 14 percent and continues to anticipate that economic conditions including low rates of resource utilization subdued inflation trends and stable inflation expectations are likely to warrant exceptionally low levels for the federal funds rate for an extended period Source httpzwwwfederaIreservegovznewseventszpressZmonetaryZZOl10126ahtm Veeco Instruments Inc has been awarded 48 million by the US Department of Energy DOE to accelerate the research and development and commercialization of its Copper Indium Gallium Selenium CIGS deposition systems The award was granted as part of the DOE s quotSunShotquot High Impact Supply Chain RampD Program the goal of which is to achieve price parity between solar electricity and fossil based electricity by the end of the decade without additional subsidies The DOE funding will help Veeco to speed up its efforts to commercialize multi stage thermal deposition production systems used to manufacture cost efficient CIGS Solar cells This federal investment will help drive research and development of new solar power technology helping make solar power more efficient By making solar power more effective and affordable over the long term we can cut emissions improve our environment lower our energy bills and create good paying green jobs right here at homequot quotGovernment is focusing on solar power amp has already donated to Veeco for this httpwwwpcb007compageszoneLgia74552 Long term rate is higher than the short term Today Last week 30 Year Fixed502499
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