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Chicago Fed Letter, No. 313a, August 2013
Economy to Cruise at Speed Limit in 2013 and Accelerate Slightly in 2014
According to participants in the Chicago Fed's annual Automotive Outlook Symposium, the nation's economic growth is forecasted to be solid this year and to strengthen somewhat in 2014. Inflation is expected to remain flat in 2013 and 2014, and the unemployment rate is anticipated to move lower but remain high by historical standards through the end of 2014. Light vehicle sales are predicted to improve in 2013 and 2014.
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