Fed's Ferguson on business investment

In a speech on 'Factors influencing business investment' given on 26 October, Roger Ferguson of the Federal Reserve said US businesses are discarding their earlier caution and investing more in capital goods and structures.

"The fundamental features of the current US economy argue for solid increases in capital expenditures needed to produce and facilitate sales," he said in the speech.

"The prospects for business investment over the next few quarters are, on balance, relatively positive," he

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