The debate over the budget hinges heavily on whose economic forecasts are more accurate.
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Bernanke did acknowledge that there was "an unusual amount of uncertainty" surrounding the Fed's economic forecasts.
At the December meeting, the Fed staff presented its economic forecasts for 2008 and 2009.
The trouble is that economic forecasts are shrouded in an even thicker fog than usual.
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Strangely, since then the world's banks and news organisations have not rushed to rummage through dustmen's economic forecasts.
But he should remember that optimistic economic forecasts have a tendency to disappoint.
Economic forecasts suggest New Zealand can bounce back quickly from its current recession.
And yet you expect these very geeks to be aware enough of the doings around them to make economic forecasts?
However, attempting to invest on the back of economic forecasts is an exercise in extreme folly , even in normal times.
The meeting will end with updated economic forecasts and a policy statement, and Chairman Ben Bernanke will hold a news conference.
But its latest economic forecasts, also released Wednesday, show that the Fed still doesn't expect unemployment to reach 6.5 percent until 2015.
What Gates is effectively saying is not that economic forecasts are gloomy.
And all economic forecasts see substantial growth in demand for electricity--think just of the coming electric cars--yet lots of problems in meeting it.
The prize was formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate.
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Some fresh, minor U.S. economic data and world economic forecasts from the International Monetary Fund failed to significantly influence the precious metals markets Wednesday.
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Chandler added that the ECB might not cut rates on Thursday as the organization might wait another month until after it updates its economic forecasts.
Nor for that matter are long-range economic forecasts from investment banks.
And Ed Randall, who proposed the amendment, said the Office for Budget Responsibility, which the government relies on for its economic forecasts, had become a "laughing stock".
The UK economy will contract by 0.1% this year, according to the Office for Budget Responsibility (OBR), the independent body that makes economic forecasts for the government.
According to the Centre for Economic and Business Research (CEBR), the worse-than-expected figures make it unlikely that the Treasury will be able to meet its own economic forecasts.
"There is considerable uncertainty around any economic forecasts, " he said.
Marketwatch.com had this headline: Goldman Sachs slashes Economic Forecasts.
The anger that produced the 19% for Mr Perot in 1992 (and 37% for Mr Buchanan in the New Hampshire Republican primary) has disappeared into the rosy economic forecasts.
The funny thing about these economic forecasts is that they are treated as very reliable sources of information, but the fact is that economic forecasting is in its infancy.
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The official economic forecasts, suggesting the Cypriot economy will shrink nearly 9% this year followed by a contraction of almost 4% in 2014, look highly optimistic to most observers.
The 2:00 p.m. release of the latest economic forecasts from the Fed corroborated that notion, as it hinted a little more hawkish tone from the Fed on interest rates.
And there is little official expectation of a change after the CBO recently updated its economic forecasts to predict an unemployment rate of 9.1% this year and 9% next year.
If we add greater uncertainty, as reflected by the distribution of the new normal, to the mix, then the difficulty of investing based upon economic forecasts is likely to be squared!
At the heart of the scheme is the Central Planning Bureau, whose statisticians are so independent and so respected that the Dutch cabinet quakes when its annual economic forecasts are published.
Both the Bank of England and the Office for Budget Responsibility, which prepares economic forecasts for the government, have warned that GDP may have contracted in the fourth quarter of 2012.
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