Forecasters Raise Odds of Rate Cut
Real Time Economics (Free subscription) | 30/09/2008
... likely in June of this year,” the forecasting firm, whose economists include former Fed governor Laurence Meyer and former Fed economist Brian Sack , said in a note to clients. “The unemployment rate could well reach 7%.” The firm changed its interest rate forecast from no change to between 50 basis points and 75 basis points in additional interest rate cuts by the end of the year....
