Union Bank Economist Comments on Regional U.S. Economies
May 03 2007 - 10:00AM
Business Wire
Union Bank of California (NYSE:UB): WHAT: Keitaro Matsuda, senior
economist for Union Bank of California, today released his May 2007
Economic Report focusing on the United States economy. The report,
titled "Diverging Regional Economies: Another Dilemma for the Fed,"
is part of a monthly series produced by Matsuda on the California,
Pacific Northwest and U.S. economies. WHY: The May 2007 Economic
Report discusses factors at play in the United States economy,
including: -- Robust consumer spending and tight labor market,
which limit the prospect of a recession -- Accelerating price
inflation versus slowing output growth -- Regional variations in
personal income growth -- Subprime mortgage delinquency ratios 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. 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, middle market
and large corporations. AVAILABILITY: The May 2007 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 to schedule an
appointment.
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