Banc of America Capital Management Releases

Note to editors: The USA Economic Projections “report that follows is written each week by Lynn Reaser, Ph.D., Chief Economist and Senior Market Strategist for Banc of America Capital Management. The report is a publication of Banc of America Capital Management, which is the largest investment management group of Bank of America. Banc of America Capital Management Investment Management develops products and services for distribution to individual and institutional clients and advice over $ 278 billion in assets at March 31, 2002.

Banc of America Capital Management today announced the latest “U.S. Economic Projections” report:

Actions experimental Lift Off Current Market Focus

As Steve Fossett sailed into the record books as the first solo circumnavigate the world in a hot air balloon, investors in equity has been facilitated, amounting to suffer again, very soon down in the draft week.

The U.S. economy, meanwhile, as there is a uniformity, of course. Nonfarm employment, one of the most comprehensive altimeter, showed a modest growth of 36,000 jobs in May-June, after gain of 24,000. The unemployment rate inched slightly higher to 5.9% only last month from 5.8% in May.

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