Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Hampel to IN.Y. TimesI Braking economy lowers prices
NEW YORK (12/16/08)--With retail prices in November falling at their fastest rate on record, a Credit Union National Association (CUNA) economist told The New York Times Tuesday the economy has experienced an unprecedented slowdown in the past few months. “I’ve never seen the economy slam on the brakes as much as it has in the last three months,” Bill Hampel, CUNA chief economist, told the newspaper. “And as the tires are squeaking on the pavement, that’s pulling prices down too.” With oil prices falling, and retailers cutting prices to get business back from worried consumers, retail prices tumbled last month, analysts told the paper The drops in consumer prices piggyback reports of a downward trend in the wholesale sector of the economy, analysts added. The Labor Department last week said the price of finished goods dropped 2.2% in November--the fourth straight month of declines, the paper reported.
Other Resources

RSS





print
News Now LiveWire
#creditunions celebrate #EarthDay2015 by being green aware with e-statements, hosting shred events, planting trees
3 hours ago
From @WSJ: 33% of companies say it took them more than 1 yr to discover a data breach. http://t.co/a0MxV68X6t http://t.co/lkglx6WvKs
7 hours ago
.@CAMCouncil taps into @MICreditUnions' career, tech training resources http://t.co/sotnfCUgIo
8 hours ago
#Inflation ticks up in March, still relatively flat #NewsNow #Market http://t.co/PyAvwdkJ4M
9 hours ago
#NewsNow Ill. league groups elect board, exec officers http://t.co/KAG8MtbGsv
9 hours ago