Fed Releases New Economic Forecast, Sees Deteriorating Economy

[Huey P. Long]

Fed Releases New Economic Forecast, Sees Deteriorating Economy, Up To 8.2% Unemployment At Year End
Submitted by Tyler Durden on 06/20/2012

In April, the Fed saw 2012 GDP between 2.4-2.9% and unemployment of 7.8%-8/0%. The just released updated forecasts table has these two critical for the election campaign data points at 1.9%-2.4%, or a major drop since April, for GDP and unemployment declining to 8.0%-8.2%. One thing is certain: whatever GDP and unemployment are at the end of 2012, they will not be whatever the perpetially inaccurate Fed forecasts.



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http://www.zerohedge.com/news/fed-releases-new-economic-forecast-sees-deteriorating-economy-82-unemployment-year-end

[cthulu2016]

1. Makes sense

[sadbear]

2. Tyler Durden?