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Macroeconomic Forecast Paper

Essay specific features

 

Issue:

Business

 

Written by:

Lane G

 

Date added:

July 17, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 463

 

Was viewed:

5702 times

 

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Essay content:

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...
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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. Over the following weeks, the Gulf Coast region absorbed further setbacks from Hurricanes Rita and Wilma...
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