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Tuesday, February 27, 2007
Economy To Hold Steady
According to the National Association of Business Economists,the U.S. economy is expected to remain on an even keel in 2007.While personal spending is expected to rise slightly,Gross Domestic Product,the value of goods and services,will fall slightly.Corporate profits will drop sharply,but the Federal Reserve will hold interest rates steady until 2008,when it will make one .25 cut.Nonetheless,any of a number of wild cards,such as war with Iran or a bad hurricane season,could upset the equilibrium forseen by these economists.
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