FED forecast GDP of 1.3 to 2% this year

[Topspin]

Under its new economic forecast, the Fed said that it now believes the gross domestic product will grow between 1.3 percent and 2 percent this year. That's lower than a previous Fed forecast for growth, which at that time was estimated to be between 1.8 percent and 2.5 percent.

 

[Chapdog]

still not recession dam it. i actually want it so its out of everyones head for 5 years.

 

[Topspin]

It's low enough to allow the dems to say it's the economy stupid though

 

[Bonestorm]

Here's a nifty chart. High energy prices are coming home to roost and tightening credit coupled with lower real wages means the consumer isn't going to help spend our way out if it.

 

[Topspin]

your a moron energy prices are a drop in the bucket

 

[Bonestorm]

your a moron energy prices are a drop in the bucket

Sure pal, energy prices are a drop in the bucket. Whatever you say. They have no inflationary effect whatsoever.

 

[Topspin]

if you look over the 30 yrs they dont' last 4 yes

 

[Obfuscate]

Sweet, growth of half the inflation rate.