Fed Revises View on U.S. Economy
Elyse Andrews, Cabot Headline News
November 25, 2009
The Federal
Reserve lifted its view of the U.S. economy and upgraded its GDP predictions,
according to Investor’s Business Daily.
The Fed said
that this year’s contraction won’t be as steep as predicted and that growth
next year may be better than anticipated, IBD reported.
But the Fed did
say that high unemployment during the next few years would likely make the
recovery from the recession sluggish according to IBD.
The Fed now sees
the U.S. economy shrinking 0.1% to 0.4% this year versus its June forecast for
a 1% to 1.5% contraction. IBD reported that for 2010, the Fed sees growth of
2.5% to 3.5% versus its earlier prediction of 2.1% to 3.3%. ---
Want more information on the markets? Do you know about the Cabot Top Ten Report?
Cabot Top Ten Report is the best weekly source of the hottest stocks for immediate investment. Strength is the one simple criteria for stock selection resulting in highly liquid stocks that are under powerful accumulation.
"The Cabot Top Ten Report serves as the heart of a very successful momentum investment system. I recommend this report very highly.”
~ M. Feller, Wayne, New Jersey, USA
Read more about what Cabot Top Ten Subscribers have to say...
Cabot Top Ten Report typically presents a broad array of stocks including big well known companies paying dividends, small unknown companies on the verge of huge growth, revolutionary growth companies, recent IPOs and leading companies in hot sectors. Suitable for both investors and traders, Cabot Top Ten Report uses the Cabot OptiMo proprietary stock screening system to uncover the market's strongest stocks, presents recommended buying ranges and advises you about them in regular weekly updates until recommending that you sell them. Don't wait, subscribe to the Cabot Top Ten Report today. Act now for a special introductory rate.
Cabot Top Ten Report is the best source of momentum stock ideas available to experienced investors and investment professionals. Our proprietary OptiMo software program screens more than 8,000 stocks and selects—without bias—the 10 strongest stocks in the market (many of them unknown to most investors) using Cabot’s time-tested criteria. Please read how to Get the Most from the Cabot Top Ten Report. This Guideline will show you how to improve your investment results with Cabot Top Ten Report
Learn more about the Cabot OptiMo Proprietary Stock System that screens 8,000 stock charts each week for the strongest momentum stocks