Fedwatch: Bernanke’s Testimony on The Economic Outlook |
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Bernanke said that the near-term economic outlook has weakened relative to the projections released at the end of January. He expects that the poor economic performance in recent months will likely extend to the 2Q08 and GDP will not grow much and could even contract over 1H08 -in line with our forecasts. He still expressed measured optimism on the economic outlook for H208 and beyond, although he acknowledged that risks remain to the downside and the uncertainty of this forecast is quite Read More...
Filed under: Fundamental
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