Vital Signs: Sit Back and Relax
It would appear that the economy is progressing just as the Federal Reserve had expected. Economists at the central bank have forecast a deceleration in economic growth over the second half of the year. This week's release of third-quarter economic growth figures is expected to show an annualized rise of just 2.2%, vs. 2.6% in the second quarter. It would appear Fed Chairman Ben Bernanke can sit back and relax at this week's monetary policy meeting. Indeed, economists expect the Fed will keep rates at 5.25% through the remainder of the year.
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