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U.S. economy slows slightly: will Montanans even notice?

Publication: Montana Business Quarterly
Publication Date: 22-MAR-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: U.S. economy slows slightly: will Montanans even notice?(Outlook)(United States. Federal Reserve Board)

Article Excerpt
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There is a little chill in the air for the U.S. economy. GDP growth should average just 2 percent from mid-2006 to mid-2007 compared to 3 percent to 4 percent from 2004 to 2006. The two causes of the slowdown are: (1) a plummeting housing market and (2) a more cautious consumer. The Federal Reserve may start cutting interest rates, bringing to an end the tight monetary policy and rising interest rates.

Top 10 Economic Predictions for 2007 (Courtesy of Global Insight Inc.)

1. Sluggish growth for the U.S. economy. The American...

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