Articles About Economic Forecast

A Federal Reserve official predicts that 2010 will see a continuing moderate economic recovery with interest rates kept “exceptionally low” to encourage job creation.  Elizabeth Duke, a Fed governor, said “In the current environment, the Federal Open Market Committee (FOMC) continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal […]

The recent upward trend of the stock market has led investment experts to believe that the Dow Jones Industrial Average will soon pass the 10,000 mark  for the first time in a year. Craig Peckham, equity trading strategist at Jeffries & Co., and Michael Cuggino, president and portfolio manager at Permanent Portfolio Funds, believe it […]

The economic forecast for 2009 is bleak, although it’s possible that recovery will begin mid-year. This is the opinion of William Strauss and Rick Mattoon, senior economists with the Federal Reserve Bank of Chicago. “We are predicting that 2008 will yield real GDP of 0.2 percent and that 2009 will be 0.7 percent,” Strauss said. […]