GDP will continue "to contract somewhat" in H1 2009, and then rise in H2, the Fed predicts in...

|By:, SA News Editor

GDP will continue "to contract somewhat" in H1 2009, and then rise in H2, the Fed predicts in the minutes of its Oct. 29 FOMC meeting, such that GDP should be unchanged for the year. In 2010, GDP will regain its stride. Core inflation will continue to edge down through 2010.