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Chicago Fed Letter, No. 229a, August 2006
Economy on Cruise Control through 2007 (Special Issue)
According to participants in the Chicago Fed's annual Automotive Outlook Symposium,the outlook for 2006 is for the U.S. economy to expand at a rate slightly above its trend, with unemployment edging lower. Since energy prices are expected to moderate, inflation is forecasted to fall this year. Light vehicle sales are predicted to remain steady.


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