FOMC MINUTES INDICATE A FED DOWNGRADE of the the US outlook for 2010 and 2011,
FOMC revised down its 2010 and 2011 projections for GDP growth and inflation while pushing up its unemployment outlook from the April forecasts;
**GDP down to 3.0%-3.5% from 3.2%-3.7%, unemployment to 9.2%-9.5% from 9.1%-9.5%**
FOMC revised down its 2010 and 2011 projections for GDP growth and inflation while pushing up its unemployment outlook from the April forecasts;
**GDP down to 3.0%-3.5% from 3.2%-3.7%, unemployment to 9.2%-9.5% from 9.1%-9.5%**
A DETAILED ANALYSIS ON THE IMPACT OF the above data release both near term/short term/mid term will be posted here.
Meanwhile, be sensitive to the effect of the above and look out for trend and markets sentiments reversals
Note:** Data extracted from FOMC recent public Release
Happy Trading
Happy Trading
No comments:
New comments are not allowed.