U.S. Economy Cooling, but Indicators Point to Soft Landing, Says Union Bank Senior Economist Keitaro Matsuda
November 09 2006 - 10:00AM
Business Wire
Union Bank of California: WHAT: Keitaro Matsuda, senior economist
for Union Bank of California, today released his November 2006
Economic Report focused on the slowing growth of the U.S. economy.
The report, titled "A Chill Is in the Air," is part of a monthly
series produced by Union Bank of California on the California,
Pacific Northwest and U.S. economies. WHY: The November 2006
Economic Report discusses factors affecting the national economic
outlook, including: -- The boom, slowdown, recession and recovery
phases of the business cycle -- Impact of imports and the housing
sector in reducing total GDP growth, despite growth in other
sectors -- Projected dissipation of inflationary pressure -- Role
of energy prices, the stock market, global growth and wage
increases in predicting a soft landing WHO: Keitaro Matsuda has
served as senior economist for Union Bank of California since 1997.
He monitors economic trends and developments for Union Bank
management and customers. Mr. Matsuda is also a member of the
economic advisory committee of the American Bankers Association.
Union Bank of California, the wholly owned subsidiary of
UnionBanCal Corporation (NYSE:UB), provides a broad range of
financial services to consumers, small businesses, and middle
market and large corporations. AVAILABILITY: The November 2006
Economic Report is available upon request. INTERVIEW: Keitaro
Matsuda is available for interviews to share his insights about
local, state and national economies. Please contact Katie Pandes or
Jessica Vitale to schedule an appointment. Union Bank of
California: -0- *T WHAT: Keitaro Matsuda, senior economist for
Union Bank of California, today released his November 2006 Economic
Report focused on the slowing growth of the U.S. economy. The
report, titled "A Chill Is in the Air," is part of a monthly series
produced by Union Bank of California on the California, Pacific
Northwest and U.S. economies. WHY: The November 2006 Economic
Report discusses factors affecting the national economic outlook,
including: -- The boom, slowdown, recession and recovery phases of
the business cycle -- Impact of imports and the housing sector in
reducing total GDP growth, despite growth in other sectors --
Projected dissipation of inflationary pressure -- Role of energy
prices, the stock market, global growth and wage increases in
predicting a soft landing WHO: Keitaro Matsuda has served as senior
economist for Union Bank of California since 1997. He monitors
economic trends and developments for Union Bank management and
customers. Mr. Matsuda is also a member of the economic advisory
committee of the American Bankers Association. Union Bank of
California, the wholly owned subsidiary of UnionBanCal Corporation
(NYSE:UB), provides a broad range of financial services to
consumers, small businesses, and middle market and large
corporations. AVAILABILITY: The November 2006 Economic Report is
available upon request. INTERVIEW: Keitaro Matsuda is available for
interviews to share his insights about local, state and national
economies. Please contact Katie Pandes or Jessica Vitale to
schedule an appointment. *T
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