TASSI: USA, TUTTI I NUMERI ALL’ESAME DELLA FED

19 dicembre 2000, di Redazione Wall Street Italia

Questi i dati economici all’esame dei membri del comitato direttivo (FOMC) della Federal Reserve riuniti oggi a Washington.

L’interpretazione degli indicatori ha diviso gli analisti a Wall Street:

Per alcuni la frenata della crescita e’ stata brusca e tale da suscitare allarme per le prospettive future, il rischio potrebbe essere addirittura quello della recessione.

Questo e’ proprio il rallentamento che Alan Greenspan, presidente della Fed, ha definito ‘atterraggio morbido’. Missione compiuta, la locomotiva Usa procede sui binari di una crescita sostenibile, compresa fra il 2% e il 3%.

I luminari che hanno ordinato la cura, sei strette sul costo del denaro dal giugno 1999 al maggio 2000 che hanno portato i tassi al 6,5%, sciolgono la prognosi alle 14 di oggi.

Le variazioni del prodotto interno lordo Usa (dal secondo trimestre 1999):


lang=IT-CH style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:#FF9900'>Trimestre

lang=IT-CH style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:#FF9900'>Variazione

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>2º 1999

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>+2,5%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>3º 1999

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>+5,7%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>4º 1999

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>+8,3%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>1º 2000

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>+4,8%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>2º 2000

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>+5,6%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>3º 2000

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>+2,4%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:#FF9900'>Fonte: Dipartimento del Commercio Usa

L’andamento dell’indice NAPM, calcolato dai responsabili acquisti delle grandi aziende americane (dall’aprile 2000):


lang=IT-CH style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:#FF9900'>Mese

lang=IT-CH style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:#FF9900'>Quota

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>Aprile

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>54,9

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>Maggio

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>53,2

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>Giugno

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>51,8

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>Luglio

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>51,8

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>Agosto

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>49,5

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>Settembre

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>45,9

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>Ottobre

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>48,3

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>Novembre

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>47,7

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:#FF9900'>Fonte: Nat’l Ass. of Purchasing Managers

Gli ultimi interventi in tema di politica monetaria (dal giugno 1999):


lang=IT-CH style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:#FF9900'>Data

lang=IT-CH style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:#FF9900'>Variazione

lang=IT-CH style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:#FF9900'>Quota

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>30/06/99

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>+0,25%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>5,00%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>26/09/99

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>+0,25%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>5,25%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>05/10/99

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>—

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>5,25%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>16/11/99

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>+0,25%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>5,50%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>21/12/99

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>—

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>5,50%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>02/02/00

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>+0,25%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>5,75%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>21/03/00

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>+0,25%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>6,00%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>16/05/00

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>+0,50%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>6,50%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>28/06/00

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>—

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>6,50%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>22/08/00

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>—

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>6,50%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>03/10/00

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>—

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>6,50%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>15/11/00

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>—

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:navy'>6,50%

style='font-size:8.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;
color:#FF9900'>Fonte: Federal Reserve

Per una copertura completa vedi anche: Tassi: Usa, la Fed li lascia invariati al 6,5%, Usa: Clinton, non lascio in eredita’ la recessione, Tassi: un glossario per interpretare la Fed, Tassi: tutti gli uomini della Federal Reserve e Tassi: Usa, il dilemma di Alan Greenspan .

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