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Essay text:
Finally, an explanation of the current actions by the Federal Reserve that confirms the
stated direction.
The state of the economy as presented by Alan Greenspan before the committee on the Budget, U.S. House of Representatives on September 8, 2004 is moving as previously predicted http://www.federalreserve.gov/boarddocs/testimony/2004/200409082/htm. Although the economic started to slip in mid-year from the healthy growth of late 2003 and early 2004, it didn't stray too for from the forecast. The primary reason for this was due largely to the huge increase in energy prices. Despite the increase in fuel, inflation expectations have dissipated somewhat in recent months...
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Common topics in this essay:
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