August 13, 2010
Philly Fed compiles (and tweets) inflation and unemployment forecasts
By Cindy Ivanac-Lillig
A few months ago, I was dismissing Twitter as some sort of elaborate email list and yet each and every day I open it, I learn something new. And today, I learned something about the Fed!
A few hours ago, the Philly Fed tweeted the posting of new third quarter results of The Survey of Professional Forecasters. This survey collects professional economists' forecasts on inflation and unemployment on a quarterly basis. Historically, it has been compiled by the NBER and the American Statistical Association, but since 1990, the Fed has taken over the responsibility. In the third quarter edition posted today, forecasters downgraded their estimates of real GDP growth for the third quarter a whole percentage point from 3.3 to 2.3 percent and showed dampened outlook on employment as well.
The Philly Fed also has podcasts available where you can listen to discussions regarding the forecasts. Check it out here.
Let me know what you think of the survey and/or the podcasts.....or just tweet @ChicagoFed or @Philadelphiafed.
Posted by Cindy at August 13, 2010 8:30 PM
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I wish more people would write blogs like this that are really fun to read. With all the fluff floating around on the net, it is rare to read a blog like this instead.
Posted by: Sophia at June 27, 2011 10:47 AM
Couldn't have said it better myself.
Posted by: Michel Bartolini at December 24, 2011 2:31 PM
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