Tuesday, June 16, 2009

US Data May Indicate Bottoming

Economic reports are due this morning which may show we are within months of hitting bottom. (Bloomberg News)

Geithner: U.S. faces "exceptionally challenging time" Recovery of the U.S. economy will not come quickly, and unemployment will continue to rise, even after the healing process begins, Treasury Secretary Timothy Geithner said. "Recovery will be slower than we would normally see," he said. "This is still going to be an exceptionally challenging time for business and consumers."