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%...
