Saturday, February 11, 2006

Federal Reserve Forecast Summary

Here is a conclusion the Federal Reserve made in their lateste report on the economy. For more market stats and full free download of their report, go here

The year 2005 proved to be a healthy
one for the economy with strong gains
in GDP, employment, and housing.
However, oil prices are still high, making
gas prices higher. The outlook for 2006
is for growth to moderate in most sectors,
with the housing industry showing the
largest change. Vehicle sales are expected
to remain relatively constant. The unemployment
rate is forecasted to remain
unchanged, and with moderating energy
prices, inflation is expected to ease.

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