United States: 2005 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

IMF Staff Country Reports, July 29, 2005

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Canonical URL: United States: 2005 Article IV Consultation-Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Robust productivity growth and high corporate profits have contributed to a strong rebound in business investment and some acceleration in employment.
The financial sector appears well positioned to provide continued support to the recovery.
Equity prices have risen.
Long-term interest rates remain low.
Banks are well capitalized and highly profitable.
Indicators of credit quality remain strong.
The robust housing market has caused financial regulators to tighten oversight of home equity and other residential loans.

Equity prices: have risen.
Long-term interest rates: remain low.
Banks: well capitalized and highly profitable.
Credit quality: indicators remain strong.
Financial sector outlook: appears well positioned to provide continued support to the recovery.

Housing market: described as robust.
Regulatory action: tightening of oversight of home equity and other residential loans.

Subjects: Administration in revenue administration, Balance of payments, Budget planning and preparation, Current account deficits, Financial institutions, Health, Health care, Inflation, Prices, Revenue administration, Securities
Keywords: Administration in revenue administration, Central America, core producer price inflation, CR, Current account deficits, deficit, financial market development, Global, Health care, Inflation, inflation expectation, inflation pressure, ISCR, market, market expectation, price, Securities