Tuesday, November 20, 2007

Fed minutes facts and FOMC forecasts

--though last month's fed decision is a close call, more officials view the potential risk led by housing market might outweigh the inflation risk --inflation will be stable and under control. Weak dollar is a bigger worry, but will benefit exports --GDP 2007, 1.8%-2.5%, Q4 1.5%; it revised downward the GDP in 2008 from 2.5%-2.75% to 1.8%-2.5% --inflation PCE: 1.6%-1.9% in 2010

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