January 25, 2012
Fed: Benchmark Rate Will Stay Low Until Late 2014
Federal Reserve officials said their benchmark interest rate will stay low until at least late 2014 and anticipate that unemployment will remain high and inflation “subdued.”
No economist could have possibly seen this coming.
Q2 GDP Tracking: Mid-2s
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From BofA:
Since our last weekly publication, our 2*Q GDP tracking is down one-tenth
to 2.2% q/q saar*. [July 18th estimate]
emphasis added
From Goldman:...
4 hours ago
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