A credible forecast from Chicago

"The nation's economic growth is expected to soften slightly in 2007, inflation is predicted to decrease."

Fed's symposium produces consensus outlook for 2007

Among the more credible of a plethora of forecasts for economic growth, interest rates and banking trends for the new year was generated at the Federal Reserve Bank of Chicago's Economic Outlook Symposium early last month - its credibility enhanced because the event drew participants from manufacturing, banking, auto industries, academia, consulting and service firms. One session presented the results from the consensus economic outlook, where 35 individuals provided forecasts for major components of real GDP as well …