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News : Business Jan 8, 2014 - 5:56:33 AM

Business Council to Host New York Fed on January 15

By The Fairfield County Information Exchange

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Stamford, CT - Rae D. Rosen, Vice President and Regional Economist of the Federal Reserve Bank of New York, will be the keynote speaker at “The National Economic Outlook and Regional Forecast,” to be held on January 15, 2014 at the Stamford Marriott Hotel.

Presented by The Fairfield County Information Exchange, an initiative of The Business Council of Fairfield County, with the generous support of Deloitte, the event will begin with a reception at 7:45 a.m. The breakfast program will be held from 8:00-9:30am.

Rae Rosen, Vice President and Regional Economist, Federal Reserve Bank of New York, will provide an in-depth look at the tri-state economic outlook, with special emphasis on Fairfield County. Ms. Rosen is principally involved in research and analysis of economic issues relating to the tri-state region. Her forecasts, delivered annually to The Business Council for more than a decade, have been detailed, insightful and accurate.

In Connecticut, jobs, wages, and new business starts are on the rise. Housing has seen record activity, with 2012 besting 2008 for permits, and 2009 for sales. While this is welcome news, we are benchmarking against the second worst recession in history and emerging from the slowest recovery post WW2.

What will demand look like in 2014 for the nation? For the region?
While our four year recovery continues, economic growth forecasts for home and abroad have been lowered for 2014. A stock market some analysts call overheated and consumers who are still best described as cautious have been causes for concern. Yet, recent national surveys and data indicate growth in manufacturing, construction spending, and capital expenditures. Domestic energy production is soaring and costs are falling. Could underlying favorable trends be gaining momentum into 2014? Will the region and Connecticut keep with the rest of the nation?

Reservations for members of The Business Council are $45/person and the non-member rate is $55/person. Reservations and further information may be obtained by contacting The Business Council at 203-359-3220.

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