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Exact(25)
He added, "Private sector forecasters have shaved about half a percentage point from their 2012 unemployment rate forecast in response to the improvement in the job market since we made our forecast".
A separate measurement of the growth rate forecast over the last six months has slowed, however.
It expects America's economy to grow by 1.5% next year, twice the rate forecast in July.
Friday's dovish remarks were what pushed economists at investment bank JP Morgan to revise their interest rate forecast.
The prospect of house prices rising at the rate forecast by Rightmove will put homes further and further out of the reach of first time buyers.
Later that year Morgan Stanley issued an interest rate forecast: the 10-year Treasury yield to rise to 5.5 percent by the end of 2010.
Similar(34)
But interest rate forecasts are notoriously unreliable – not least those from the Bank of England.
Anemic growth rate forecasts leave it vulnerable to rising debt costs.
We expect orders to accelerate in 2015 and in the meantime expect Mears to continue to meet our 10% earnings per share compound annual growth rate forecasts.
Looking ahead, the company raised its earnings outlook for 2008 to reflect a lower tax rate, forecasting profit of $5.35 to $5.55 a share on revenue of $28 billion to $30 billion.
The so-called "dot plots", which show the interest rate forecasts of all 17 attendees at the Federal Open Market Committee meeting, suggest that there will be four more rate rises in 2016.
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