Thursday, March 27, 2008

Quick Overview

  • U.S. GDP was unrevised at 0.6% growth for the fourth quarter of 2007, the slowest pace since late 2002.

  • The U.S. economy seems to be slipping into recession and the Federal Reserve must cushion the pain and make it as brief as possible, a Fed policy maker said.

  • Ahead of the United States Department of Agriculture's planting intentions estimates out Monday, March 31, Allendale Inc. sees a 7.2 million acre decrease in corn acreage, a 10.6 million acre increase for soybeans, and a slightly higher total wheat planting figure

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