The New York Times
Wed, February 16, 2011 -- 2:13 PM ET
-----
Fed Says U.S. Economic Growth May Reach 3.9% in 2011
The Federal Reserve revealed Wednesday that its policy makers
had substantially upgraded their forecasts for how much the
United States economy will grow this year, even though they
expect that unemployment will remain painfully high for some
time.
The core projections of top Fed officials now call for growth
of 3.4 percent to 3.9 percent this year, up from the previous
forecast of 3 percent to 3.6 percent, released in November.
But the grim outlook for the job market was largely
unchanged; Fed officials expect unemployment to be 8.8
percent to 9 percent this year, only slightly less than the
November estimate of 8.9 percent to 9.1 percent.
Growth expectations were lifted by a marked improvement in
consumer spending in the fourth quarter of 2010, though Fed
officials were uncertain how long that would last, according
to minutes released Wednesday of the Fed's most recent policy
meeting, on Jan. 25-26.
Read More:
http://www.nytimes.com/2011/02/17/business/economy/17fed.html?emc=na
About This E-Mail
You received this message because you are signed up to receive breaking news
alerts from NYTimes.com.
To unsubscribe, change your e-mail address or to sign up for daily headlines
or other newsletters, go to:
http://www.nytimes.com/email
NYTimes.com
620 Eighth Ave.
New York, NY 10018
Copyright 2011 The New York Times Company
No comments:
Post a Comment