#1 Downgrades "Unexpectedly" again.
Fed officials sharply downgraded their economic forecast for this year. They projected the economy would grow between 1.8% and 2% this year, well below the range of 2.3% to 2.7% in its last forecast in March.
If they’re correct, annual growth would be the worst since 2011 and would be far from the breakout performance some economists had hoped for this year.
With the EU looking more shaky, other economies looking like their bubbles are close to popping (I'm looking at you China), rampant debt and everyone printing funny money things will get really interesting when everything goes off at once. |