After the FED decided to keep interest rates steady, consumer spending remaining the same and inflation rose slightly.
What is your economic forecast for the next three months? a year?
2007-05-10 12:54:03 · 3 answers · asked by simaticoo 2 in Business & Finance ➔ Investing
Well, look for some layoffs from the auto makers
but the economy will remain strong. I think housing starts will start to improve. The real test for the economy is the 2008 election If the Democrats take the white house the economy will take a dump.
2007-05-10 13:04:27 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Right now the economy is overheated, oil cost is high so inflation is a factor with the fed, but the economy is slowing down and the real estate market is causing a big hit on the economy, not that prices are falling so much, but that borrowing from equity to spend on consumer goods has dropped.
So for now inflation is the worry, but the coming downturn in the economy will bring lower fed rates in the fall, and the USD will fall against international currencies
2007-05-10 22:58:57 · answer #2 · answered by bob shark 7 · 0⤊ 0⤋
More of the same, a strong economy with some pressure on the inflation side.
2007-05-10 22:24:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋