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Wednesday, July 11, 2012

FOMC Minutes- 7/11/12

FOMC Minutes: Expected 2012 GDP growth 1.9-2.4% from 2.4-2.9% in April. 2013 growth 2.2-2.8% from 2.7-3.1%. 2012 UE rate 8.0-8.2% from 7.8-8.0%. 2013 UE 7.5-8.0% from 7.3-7.7%. 2012 core CPI to 1.7-2.0%. 2013 core CPI 1.6-2.0%. Core readings below the Fed's target of 2% suggest some room for further accommodation.

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