21.05.2008 21:01

JPM ahead FOMC Minutes


JPM points out the FOMC minutes will contain the third quarterly FOMC economic projections. JPM expects "GDP growth in 2008 (Q4/Q4 % change) will be marked down" by 0.5 pt and 2009 growth could get marked up. "Headline PCE inflation will be marked up by almost 3/4 percentage point, in our estimate, due mostly to rising energy prices." But core PCE prices are tracking ests.






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