Over the past two months, the Fed's FOMC has:
- Reduced forecasts for growth in 2012, 2013, and 2014
- Increased expectations of unemployment in 2012, 2013, and 2014
- Reduced inflation expectations (from a level already below the 2% target) in 2012, 2013, and 2014
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBAvzgGml1ARlIFZ4lT4BpBqWSFFUKb0Z7JacxiKQpF5ID58Xk0b6qWAwhqcOS-mrYExPWHplQbxSslcSyzPtXtGLBziNq7bjHoiWDLVnmB38ABMdDVBmVWs6_PIuaXAaWG4vZz8RAfQ/s800/fed1.png)
Source: Calculated Risk
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