I expect interest rates to ease further, reflecting a slower economy.
The stock market's doubling in less than three years is said to reflect growing earnings and a sound economy.
"But the most recent numbers are reflecting an economy that is growing very slowly at best."
For most of 1986, large banks held about $250 billion in short-term commercial and industrial loans, a level that reflected a weak economy.
While many expect the data to reflect controlled inflation and a sluggish economy.
Employment gains of 2.5 percent also reflect a growing and diverse economy.
This was seen as reflecting a continued buoyant American economy.
This reflected an improving economy in the bank's service areas.
The improvement came from a decline in imports, reflecting a weak economy.
Many economists say that the increase reflects an economy that is healthy today, whatever the future might hold.