(Bloomberg) -- U.S. economic growth will gradually
pick up through the end of this year, making the Federal Reserve
unlikely to cut interest rates before 2008, according to
economists surveyed by Bloomberg News this month.
Economists now forecast the economy this quarter will
expand at an annual rate of 2.6 percent, compared with 2.2
percent projected last month and a 0.6 percent pace in the first
quarter. The economy will expand at a 2.9 percent rate by the
final three months of 2007, according to the median of 69
estimates in a survey taken from May 30 to June 7.
Read more at Bloomberg Currencies News
pick up through the end of this year, making the Federal Reserve
unlikely to cut interest rates before 2008, according to
economists surveyed by Bloomberg News this month.
Economists now forecast the economy this quarter will
expand at an annual rate of 2.6 percent, compared with 2.2
percent projected last month and a 0.6 percent pace in the first
quarter. The economy will expand at a 2.9 percent rate by the
final three months of 2007, according to the median of 69
estimates in a survey taken from May 30 to June 7.
Read more at Bloomberg Currencies News
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