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The FOMC reduces its 2012 jobless view to 7.8-8.0% from 8.2-8.5% projected in January. Inflation...

The FOMC reduces its 2012 jobless view to 7.8-8.0% from 8.2-8.5% projected in January. Inflation is estimated at 1.9-2.0% from 1.4-1.8%. The GDP growth outlook is raised to 2.4-2.9% from 2.2-2.7%. Seven Fed members see the first rate hike in 2014, up from 5 previously. (full report)
Comments (4)
  • montanamark
    , contributor
    Comments (1436) | Send Message
     
    LOL - of course these numbers have little or nothing to do with reality;
    real unemployment is north of 12%; many of the so-called jobs are temp jobs and minimum wage pay; dont forget that obama has added 147000 federal workers;
    trillions of electronic ben money paid to the bankers and what do we have to show for it - $4 gas, soaring food prices, record foreclosures, record food stamp usage
    25 Apr 2012, 02:18 PM Reply Like
  • mykie
    , contributor
    Comments (419) | Send Message
     
    That's true Montana but relatively speaking, they have value and that's what I would focus on. As long as they don't change the parameters, you can use the numbers for financial projections, even though life on the ground is different.
    25 Apr 2012, 02:32 PM Reply Like
  • johnreed32
    , contributor
    Comment (1) | Send Message
     
    Sure is wearing to have to evaluate government figures for honesty.
    25 Apr 2012, 03:21 PM Reply Like
  • 07Dyna
    , contributor
    Comments (33) | Send Message
     
    Obama's hired the Enron team to come up with numbers........dont you know
    25 Apr 2012, 05:14 PM Reply Like
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