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In general the most-current observation is revised multiple times throughout the quarter. The Federal Reserve holds its final meeting of the year Tuesday with inflation top of its agenda following last weeks news that consumer prices.
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The global supply chain crisis that led to historic levels of inflation unseen in decades may have reached a tipping point and may soon be over according to a new barometer used by the US Federal.
. Louis Feds Economic News Index ENI uses economic content from key monthly economic data releases to forecast the growth of real GDP during that quarter. The unemployment rate has also dropped quickly since Fed policymakers last met in early November from from 48 to 42 a sign the economy is solid and edging closer to maximum employment. In the highly unlikely event that the Fed were to dramatically turn off the drip of cheap money markets everywhere would go into economy-threatening paroxysms.
But the longer the drip is left on. The final forecasted value before the BEAs release of the advance estimate of GDP is the static.
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