Thanks, market gangsters again taking Bear prisoners, on latest US GDP growth estimates. + 3% GDP growth thru 2014 looks bullish to me, in the wake of Ben FONC report today predicting low US interest rates and low inflation thru 2014.
Wed Apr 25 14:05:00 EDT 2012 | Briefing.com
The latest economic forecasts from the Fed were just released.
The Fed now anticipates real GDP to grow at a pace between 2.4% and 2.9%, up from the range of 2.2% to 2.7% that was issued in January. However, the forecast for 2013 now calls for real GDP growth of 2.7% to 3.1%, down from the range of 2.8% to 3.2%, while the range for growth in 2014 is expected to range from 3.1% to 3.6%, down from 3.3% to 4.0%. Longer run growth is still expected to range from 2.3% to 2.6%. |
