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
Through the snow, be on the lookout for a @CU4Kids @CMNHospitals @COOPFS billboard in @TimesSquareNYC this week
6 hours ago
.@CUNA , trades unite to urge Congress on #datasecurity action http://t.co/gzmZGX9nfF
9 hours ago
State of Wash. @dficonsumers has expanded its CAMEL ratings to include an "S" for interest-rate sensitivity.
10 hours ago
.@HUDgov tweets: Be sure to tune in tonight to watch @SecretaryCastro on @TheDailyShow with Jon Stewart http://t.co/B1L23NQaoJ
10 hours ago
.@NJCUL Southern Chapter meeting canceled due to the impending snowstorm
10 hours ago