Lucius Fox

Chief Executive Officer of Wayne Enterprises

theatlantic:

The Fed’s Doom and Gloom Predictions for Our Economy

Federal Reserve officials predicted three bleak years for the U.S. economy, and the Federal Open Market Committee announced today that it intends to keep short-term interest rates extremely low until 2014 amid a pondering economic recovery.

A note on reading the graph above: The dark blue band represents the “central tendency of projections” and the light blue band represents the full range of projections. 

The upshot is that Fed officials believe the economy will hit 3% to 4% yearly growth in the next three years. That’s better than we’re expanding now, but it’s still worse than most recoveries from past recessions. Read more.

Posted at 10:43am and tagged with: Economy, Federal Reserve, Charts, Graphs, Economics, GDP, Federal Open Market Committee, US, United States, Finance, Gross Domestic Product, FOMC,.

theatlantic:

The Fed’s Doom and Gloom Predictions for Our Economy

Federal Reserve officials predicted three bleak years for the U.S. economy, and the Federal Open Market Committee announced today that it intends to keep short-term interest rates extremely low until 2014 amid a pondering economic recovery.
A note on reading the graph above: The dark blue band represents the “central tendency of projections” and the light blue band represents the full range of projections. The upshot is that Fed officials believe the economy will hit 3% to 4% yearly growth in the next three years. That’s better than we’re expanding now, but it’s still worse than most recoveries from past recessions. Read more.