Fed Discussed About Asset Sales, Raised Growth Outlook For 2010

[Forex-Outlook]

The Fed raised its forecast on US economic growth for 2010 and revised down estimates for CPI and unemployment rate, as shown in the FOMC minutes for April’s meeting. Participants expected the economic recovery to continue, but, consistent with experience following previous financial crises, most anticipated that the pickup in output would be rather slow relative to past recoveries from deep recessions. A moderate pace of expansion, in turn, would imply only a modest improvement in the labor market this year, with the unemployment rate declining gradually.

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