“No, ****head, it’s your new subwoofer.”
So said the IMF to me when I asked them that question in the post headline.
Adam was all over it last night: IMF says Fed could keep rates low past mid-2015 if outlook holds
- IMF cuts 2014 US forecast to 1.7% from 2.0%
There’s more on the IMF’s cut to the US 2014 growth forecast at the Wall Street Journal. They say:
- issued its second downward revision for the U.S. economy in two months
- Cut its growth expectations for 2014 to 1.7%
- Warned that unrealistic market expectations could spell losses for investors
The cut puts the fund’s forecast below the Federal Reserve’s recent downward revision, makes it the IMF’s weakest annual forecast since the end of the 2009 recession
- Reflects the sharpness of the economy’s first-quarter contraction, but also illustrates lingering unease over the soundness of the U.S. recovery
“We still see there’s a lot of slack in the economy,” said Nigel Chalk, deputy director of the IMF’s Western Hemisphere Department
More at the (gated) link: IMF Cuts U.S. 2014 Growth Forecast to 1.7%
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Apparently this is a good track for testing out the subwoofer (though, other suggestions very much welcome
)
