Federal Reserve Bank of Boston | bostonfed.org |
Bottom line on the outlook and policy
▶ Growth averaged about 2.5% for
first half of year
▶ For the rest of the year, growth
softer at a bit below 2%
▶ vs. 3% last year
▶ Labor markets remain tight
▶ Note: GM strike shifts production from
Q3/Q4 to Q4/Q1
▶ Policy:
▶ Eased in the face of uncertainty
▶ Offset effects of uncertainty?
Sources: Consensus Forecasts, Haver Analytics.
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