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Wednesday, June 22, 2011

BREAKING NEWS: Fed Cuts GDP View, Raises Inflation Outlook

The Federal Reserve on Wednesday cut its view of 2011 gross domestic product growth to a range of 2.7% to 2.9% from the 3.1% to 3.3% offered in April. The outlook for 2012 was also lowered, and the Fed’s estimate for inflation was raised.
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3 comments:

Anonymous said...

no surprise here either....

June 22, 2011 at 4:31 PM
Anonymous said...

Woo Whoo! Praise the almighty "O" for blessings in the summer of recovery.

June 22, 2011 at 5:15 PM
lmclain said...

He (obam) has just about run out of "tricks', and thats the best decription of the things he's done. Smoke and mirrors could also be used. I think he is actually HOPING for a single term, because he knows it (the economy, and perhaps our very monetary system) is coming to a crashing end shortly. There is really nothing anyone can do, Democrat OR Republican. Be prepared for some very bad times. And to those who are buying gold.....LOL!! You think you can EAT that? or defend your family with it?? Its a shiny metal. Pretty to look at. If you can't eat it, drink it, shoot it, build with it, or fix a wound with it, it ain't gonna help you....

June 22, 2011 at 6:42 PM

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