TAKEPLACE: FED GROWTH FORECASTS SUGGEST A 3.4-3.9 PERCENT INCREASE

Wednesday, February 16, 2011

FED GROWTH FORECASTS SUGGEST A 3.4-3.9 PERCENT INCREASE

Members of the US Federal Reserve raised their 2011 economic growth forecasts but expressed uncertainty about the effects of a second round of quantitative easing last month, with some suggesting that signs of a strengthening economy could mean the central bank should scale back its programme to buy $600bn in Treasury securities.

In minutes from its latest Federal Open Market Committee meeting, the Fed upgraded its growth forecast to 3.4-3.9 per cent from its previous range of 3-3.6 per cent, pointing to stronger consumer spending, business investment and exports. In spite of the brighter outlook, the central bank showed ongoing concern about the lack of momentum in the labour market. FT

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TakePlace was made with you in mind It's about ideas and innovation, creative perspectives, and solutions. We're advocates for change, because change needs friends. We explore complex systems, adaptive agents, modeling, simulation, artificial life, and complex (information, biological, and social) networks. We especially focus on the Web as a complex information network in which we leave abundant traces of our social and semantic activities: what we do, what we are interested in, whom we talk to, what knowledge we acquire and contribute. Our research spans from modeling the dynamic processes that occur on the Web (how information networks grow and evolve, how individual and collective traffic patterns emerge, how attention bursts are generated and shaped by social and search tools) to designing tools that mine the Web to build better search, navigation, management, and recommendation tools (where ‘better’ means more intelligent, autonomous, robust, personalized, contextual, scalable, adaptive, and so on).