Salient to Investors:

FRB of Chicago President Charles Evans said:

  • The Fed must avoid removing accommodation prematurely, as the Japanese did.
  • The US economy will grow 2.5 to 3 percent in 2013 and 3.5 percent to 4 percent in 2014, and unemployment will be at or slightly below 7 percent by year-end 2014 and 6.5 percent in mid-2015.
  • Risks to growth include government budget cuts and an unresolved debt crisis in Europe.
  • The economy will achieve escape velocity by 2014.
  • There are few signs of froth in financial markets that may destabilize the economy.

Read the full article at http://www.bloomberg.com/news/2013-03-01/evans-says-fed-must-sustain-stimulus-amid-fragile-rebound.html

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On February 28, 2013   /   Bond Market, US Economy