Phil Fed's Survey of Professional Forecasters

The Federal Reserve Bank of Philadelphia published its Third Quarter 2006 Survey of Professional Forecasters on 14 August. Growth in U.S. real output over the near term looks a bit slower and inflation a bit higher than they did just three months ago, according to 51 forecasters surveyed.

The forecasters peg current quarter growth in real GDP at an annual rate of 2.7 percent, down from 3.1 percent in the last survey. Growth in the fourth quarter will average 2.9 percent, down just a bit from the

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