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Fed Predicts Slower Growth, More Jobless

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posted on Nov, 20 2007 @ 05:17 PM
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Fed Predicts Slower Growth, More Jobless


biz.yahoo.com

WASHINGTON (AP) -- The housing collapse and credit crisis will slow economic growth and nudge up unemployment next year, the Federal Reserve said Tuesday in a first-of-its-kind forecast that some economists believe will lead to interest rate cuts early in 2008.
(visit the link for the full news article)




posted on Nov, 20 2007 @ 05:17 PM
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The fact the Fed has said this has lead me to believe it will be worse than what they are saying.

biz.yahoo.com
(visit the link for the full news article)



posted on Nov, 20 2007 @ 05:34 PM
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reply to post by MikeboydUS
 


Well already the fed is preparing the public for the outcome of the holiday spending and the result that we may have as people get affected by the credit crunch and sales will not be up to the desire outcome.

But this should be expected, sad they wait so late to start giving the bad news.



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