US DATA: Chicago Fed’s Economic Outlook Symposium, held Dec 2, found
participants expect “slow economic growth & moderating inflation.”
Real GDP growth is expected to be 1.6% this year and 2.0% in 2012. CPI
is predicted to average 3.8% this year and 2.4% in 2012. Unemployment
rate is forecasted to edge down to a still quite high 8.8% by the end of
next year. Consumer spending is predicted to rise at a moderate pace.
See http://www.chicagofed.org/webpages/events/2011/economic_outlook_
symposium/index.cfm