Chicago Fed Survey Sees Growth Slowing

Siegel, Gary E.
December 2004
Bond Buyer;12/7/2004, Vol. 350 Issue 32024, p2
Trade Publication
The article reports that the U.S. economic growth, as measured by gross domestic product (GDP), will be more moderate in 2005 as compared to 2004, with less inflation and a lower unemployment rate. This prediction came from a consensus of participants at the Federal Reserve Bank of Chicago's economic outlook symposium. The forecast is for GDP growth of 33% in 2005, compared to expectations for 4.4% growth in 2004, while inflation measured by the consumer price index will slip to a rate of 2.4%, compared to 2.7% this year, and the jobless rate should average 5.4%, compared to 5.5% in 2004.


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