Revisions, Revisions, Revisions

By |2012-12-12T17:13:27-05:00December 12th, 2012|Markets|

In the context of the now-permanent establishment of QE, there was little note of the downward revisions to the Fed’s economic “forecast” for both 2012 and 2013. The revisions were minor in the, of course, downward direction, but we just need to give them time to be fully downgraded. Last December, the FOMC said the following with regard to economic [...]