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U.S. stocks tallied sizeable gains for the first day in three Wednesday as the Federal Reserve found the economy strengthened some in the third quarter and an industry report found better-than-expected growth in private-sector employment in October.
WASHINGTON (AP) -- The Federal Reserve sketched a bleaker outlook Wednesday for the economy, which it thinks will grow much more slowly and face higher unemployment than it had estimated in June.
The Fed's gloomier outlook is similar to many private economists' forecasts. Bank of America Merrill Lynch, for example, expects only 1.8 percent economic growth this year and 2.1 percent in 2012.
Those growth rates are far too low to drive down unemployment.
Originally posted by camaro68ss
Its all propaganda to keep the sheeple in line for as long as possible.
Think of the consequences of them telling the truth and saying we’re F’ed.