Showing posts with label Consumer Confidence. Show all posts
Showing posts with label Consumer Confidence. Show all posts

Wednesday, February 25, 2009

The Fed's Forecast on Unemployment, Inflation, and GDP

Fed data released Tuesday (2/24/09):

Delinquency rates on home mortgages in 4th quarter 2008: Almost 7% of outstanding mortgages

Unemployment rate in 4th quarter 2008: 7.6%, expected to rise to 8.8% this year

The Consumer Board's Consumer Confidence Index: 25, lowest level since data were first collected in 1967


February 2009 views on the job market:
"Jobs are hard to get": 48% of people surveyed, highest since Feruary 1992
"Expect jobs to decrease in the months ahead": 47%, highest percentage since December 1973

The Fed's Economic Forecast for the Next Few Years:
Unemployment, Inflation, GDP