In the past year, due to the fiscal cliffs and the worldwide economic slowdown, the US economy exhibited more fluctuations． However, personal consumption continues to expand at a moderate pace and stably contributed to the overall growth． This reflects the economy’s internal stability． Increases in revenues and reductions in expenses ameliorated its fiscal situation． The inflation rate remained low, while the unemployment rate kept declining． However, both export and import growth slowed, rendering a neutral impact on the overall economy． The market expects that the Fed is considering an end of the QE policy． <<