Exact(4)
This means slack could completely disappear without wages ever catching up with productivity.None of these represents a case for raising rates now; rather, they are forecasts of how the data may evolve in way that justifies raising rates.
Because these are forecasts, of course we cannot know if that is how they will turn out.
"There are forecasts of a new tropical depression in the same area and forecasts of even bigger mudslides, so we are preparing for the worst".
Easterbrook also spoke at the Heartland conference, with a presentation entitled "Are Forecasts of a 20-Year Cooling Trend Credible?" Watch that online and you will see how scientists are supposed to talk: cool, rational, logical analysis of the data, and full explanation of it.
Similar(56)
Ten years ago, Washington was worried about the budget outlook, and there were forecasts of dire outcomes.
I don't find this surprising given that he is a Nobel Prize winner in economics whose predictions were forecasts of the economy.
Thunderstorms are forecast for some parts of Southern California, she said.
Analysts are forecasting turnover of about £10.3bn.
Analysts are forecasting profit of 93 cents a share.
Economists are forecasting inflation of just 0.7%, according to the consensus in a Reuters poll.
Economists are forecasting borrowing of around £12bn in May, which would be an increase on April.
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