Worrisome Economic Outlook Coming from Fed Meeting

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00013951-worrisome-economic-outlook-coming-from-fe/

By Greg Robb, MarketWatch

What a difference a year makes.

Last year, the mood was upbeat at the Federal Reserve’s Jackson Hole conference at the base of the Grand Teton Mountains in Wyoming. In contrast, at this year’s conference the mood was decidedly downbeat, with forecasts full of talk of slowdowns and soft landings.

To be sure, the outlook was not dire. There was no mentioned of the “R” word (recession).

The skunk at this year’s picnic was clearly the spike in oil prices – not just prices at the pump, but the signal from the futures markets that high energy prices will remain at current levels far down the road.

For this complete story, please visit Worrisome Economic Outlook Coming from Fed Meeting.

Worrisome Economic Outlook Coming from Fed Meeting

Unknown Author

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