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Slower Growth Forecast

From Macro Advisers:

[T]he unemployment rate is expected to be one-tenth higher at the end of this year and two tenths next year, at 9.6% and 8.4%, respectively. Projected core PCE inflation is expected to be slightly higher than in last month’s forecast: two tenths higher this year, at 1%, and one tenth in 2011, at 0.9%...

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