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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: 1610lsd who wrote (3256)	7/15/2015 11:46:52 AM
From: Kirk ©	1 Recommendation Recommended By mary-ally-smith Respond to of 26758

White House Cuts Growth Forecast for 2015, 2016 Now estimates 2% growth this year, 2.9% next year wsj.com The White House said it sees U.S. growth rising by just 2% this year before rebounding to 2.9% in 2016 —down from its earlier forecast of 3% growth for both 2015 and 2016 released in February—after the economy stalled during the first quarter. The White House also trimmed its short-term estimates for inflation and unemployment. It now expects the consumer-price index to post an annual average increase of just 0.2% this year, down from its earlier forecast of a 1.4% gain. It sees the unemployment rate falling to 5.3% this year and 4.9% next year, down from forecasts of 5.4% and 5.1%, respectively, published in February.