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Fed set to downgrade outlook for US

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The Federal Reserve is set to downgrade its assessment of US economic prospects when it meets on Tuesday to discuss ways to reboot the flagging recovery.

Faced with weak economic data and rising fears of a double-dip recession, the Federal Open Market Committee is likely to ensure its policy is not constraining growth and to use its statement to signal greater concern about the economy. It is, however, unlikely to agree big new steps to boost growth.

via FT.com / US / Economy & Fed – Fed set to downgrade outlook for US.

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Written by admin

August 8, 2010 at 6:13 pm

Posted in Economy

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