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Discusses the slowing of the United States economy during the second quarter in 1998. The growth of the nation's gross domestic product; Effect of the slowdown on Wall Street; Effect of Asia's financial crisis on the US; The surge of domestic financial sales; Increase in personal consumption; Inflation's dormant rate; Unlikelihood that the slowdown will have an immediate effect on the Federal Reserve's interest rate policy; The temporary factors that caused the slowdown; Predictions of downturns in consumer demands.

Reports on the economy in the United States for July of 1998 and discusses the increasing trade deficit. Trade deficit reaching a record in May; Impact of the Asian financial crisis; Exports declining; Deteriorating trade situation offsetting healthy domestic demand; Trade concerns one of several developments contributing to a sharp deceleration in growth.

Looks at the impact of the Asian financial crisis on the United States economy as of June 1998, according to US Commerce Department statistics. Reasons for an expanded April 1998 trade deficit; Drop in exports; Impact on the Boeing Corp.; Impact on farmers, manufacturers of industrial materials and auto makers; Government response.

Reports that the United States' monthly trade deficit rose to a new high in March 1998. Evidence of how Asia's mounting economic difficulties are restraining US growth; Comparison of the trade gap to expectations; Weakness of US exports; Surge of imports.

Details the United States trade deficit for January 1998. Impact of the Asian financial crisis; Depressed demand for US goods in Asia; Fulfillment of predictions of a negative impact on the US economy from the Asian crisis.

Reports US Federal Reserve Chairman Alan Greenspan's January 29, 1998 warning that Asia's financial crisis would be felt in the United States. The resulting slowdown in economic growth's reduction of any remaining risk of inflation adversely affecting the nation's seven-year expansion; His characterization of the economy as exceptionally healthy, with inflation dormant despite strong growth, low unemployment and solid income gains.

States that due to the strength of the United States economy and Asia's financial panic, the US Federal Reserve has decided to keep interest rates stable. Citing the possibility of deflation; Speculation on the next move for interest rates; Indepth look at the United States economy. INSET: Sitting tight.