Standard & Poor's The Economic Outlook: U.S. & The World

S&P's Chief Economist David Wyss says: The expected slowdown from the 3 - 3.5% growth of the last few years to the current 2 - 2.5% is basically what the Fed expected, and the main cause for the slowdown is the housing numbers, which continue to be weak. At this point, S&P expects a Fed rate cut about mid-year, but the risk is that it could be postponed or turn into a rate hike if the inflation numbers move up in the next few months.

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Google Video | January 19, 2007

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