tailieunhanh - Current Economic Conditions By Federal Reserve District

When the price of gasoline goes up, people curtail their driving to some extent, but don’t immediately scrap their SUVs and rush out and buy more fuel-efficient automobiles or electric cars. Similarly, when the price of electricity rises, people don’t replace their air conditioners and refrigerators with the most modern, energy-saving models right away. There are three significant issues raised by this kind of example. First, such changes may be transitory or permanent, and people reasonably react differently to temporary changes than to permanent changes. The effect of uncertainty is a very important topic and will. | For use at 2 00 . . Wednesday October 15 2008 Summary of Commentary on Current Economic Conditions By Federal Reserve District October 2008 SUMMARY OF COMMENTARY ON CURRENT ECONOMIC CONDITIONS BY FEDERAL RESERVE DISTRICTS October 2008 TABLE OF CONTENTS First District - Second District - New Third District - Fourth District - Fifth District - Sixth District - Seventh District - Eighth District - St. Ninth District - Tenth District - Kansas Eleventh District - Dallas .XI-1 Twelfth District - San .

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