Phil Fed's Survey of Professional Forecasters

The Federal Reserve Bank of Philadelphia published its Second Quarter 2004 Survey of Professional Forecasters on 24 May. The participants in the second quarter survey see steady rates for unemployment and real GDP growth for the year. Their estimates for CPI inflation for this year and for 2005 are somewhat higher than last quarter's.

"Not much has changed over the past three months to entice our panel of forecasters to alter their projections for economic growth over the next two years

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