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Unformatted text preview: domestic and foreign brands. Banking Loan demand was flat to slightly up. There was an increase in demand for auto loans. Bankers in larger markets tightened mortgage credit standards. There was no change in credit quality. Loan delinquencies were decreasing. Energy Coal production was decreasing. Oil and gas production was increasing. Capital spending was on plan. Oil and gas producers reported a slight increase in hiring. Transportation There was a slight increase in the demand for trucking and shipping services. A majority of contacts said that capital spending would be lower compared to 2006. Employment was steady. Monetary Policy Recommendation The central bank should leave interest rates where they are currently. The economy of the region is doing well, but still has room to grow....
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This note was uploaded on 05/12/2010 for the course ECO 3223 taught by Professor Staff during the Spring '08 term at University of Central Florida.
- Spring '08