Report Detail Summary
The Second Quarter Outlook
March 15, 2012
The combined forecast paints an interesting picture for the coming 12 months. It points to a slowly improving economy during 2012. Whether the inflation rate rises or not depends on whether banks begin to lend, which they have, and how the Fed reacts to the increased lending. So far the Fed has slightly reduced its balance sheet; hence, we do not see any excessive money growth.
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