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Cooling employment casts shadow on recovery
06-10-11

 

"There are always going to be bumps on the road to recovery.ray ban sunglasses We are going to pass though some rough terrain."

High gasoline costs hurt consumer spending in the first quarter, when economic growth was held to a 1.8 percent annual pace after cheap ray ban sunglasses expanding at a 3.1 percent rate at the end of 2010.

Wal-Mart Chief Executive Mike Duke on Friday said the "paycheck cycle," where people stock up around payday and then spend less as the month progresses and cash runs out,ray ban sunglasses on sale is more pronounced than it has ever been.

The employment data lent more fuel to talk about the need for the Federal Reserve to extend its asset purchasing program when it expires this month, but officials at the central bank have set a high bar for ray ban sale any further easing of monetary policy.

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