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Wall Street Just Got More Pessimistic About the U.S. Economy. Will the Fed Follow Suit?

Recent data suggest the U.S. economy won't bounce back as quickly as analysts expected
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This Fed Situation Is Not Going to End Well: Yamarone


Federal Reserve officials will probably cut their forecasts for economic growth when they gather again next month, though not enough to deter their intent to raise interest rates later this year.

The median respondent to a survey of 79 economists conducted by Bloomberg from May 8 to May 13 said U.S. gross domestic product would grow 2.3 percent in the final quarter of 2015 from a year earlier, down from the 2.7 percent median estimate in April.