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New York Fed’s rosy forecast spoiled by reality


The New York Fed loses. And, unfortunately, so does anyone who had the slimmest of hope that the economy was getting better. On Friday the Commerce Department announced what most people feared. The economy in the first quarter of 2017 flopped. The nation’s Gross Domestic Product rose at an annual rate of just 0.7 percent...
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Source: New York Post


18:37, April 28, 2017 John Crudele

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