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Macroeconomic Forecast Paper 3

Macroeconomic Forecast Paper

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Title: Macroeconomic Forecast Paper

Essay Details:

Subject: Business

Author: Daniel H

Date: November 29, 2011

Level: University

Grade: A

Length: 2 / 463

Essay text:

Accordingly, the Committee anticipated some strengthening of activity, and it reduced policy accommodation further in May by lifting the target federal funds rate another quarter percentage point, to 3 percent. Subsequently, the devastation caused by Hurricane Katrina increased uncertainty about the vitality of the economic expansion in the near term. The destruction in the Gulf Coast region, the associated dislocation of economic activity--including considerable disruption of energy production--and the accompanying further boost to energy prices were expected to impose some restraint on spending, production, and employment in the near term...

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