Wednesday, June 20, 2012

Federal Reserve cuts US 2012 growth forecast, raises unemployment estimate-BBC

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"Policy makers see 1.9 percent to 2.4 percent growth in 2012, down from their April forecast of 2.4 percent to 2.9 percent."

6/20/12, "Federal Reserve cuts forecast for US economic growth," BBC

"The Federal Reserve has cut its forecast for economic growth in 2012 from 2.9% to 2.4%.

It has also predicted a central unemployment rate of up to 8.2%, having forecast up to 8% on 25 April.

The central bank also extended its programme of swapping short-term bonds for long-term ones, known as Operation Twist, until the end of the year."...

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6/21/12, "More Americans Than Forecast File for Jobless Benefits," Bloomberg, S. Chandra

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