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Don Drummond, OOnt is a noted Canadian economist, having served extensively in the federal Department of Finance Canada, as Chief Economist at Toronto-Dominion Bank and as a scholar at Queen's University. He is known for his wide contributions to public policy in Canada and extensive citation on economic issues.
The Organization for Economic Cooperation and Development forecast Wednesday that the U.S. economy will expand just 1.5% in 2024, down from 2.4% in 2023, as the Federal Reserve’s interest rate ...
Blue Chip Economic Indicators is a monthly survey and associated publication by Wolters Kluwer collecting macroeconomic forecasts related to the economy of the United States. [1] The survey polls America's top business economists, collecting their forecasts of U.S. economic growth, inflation, interest rates, and a host of other critical ...
Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for specific sectors of the economy or even specific firms.
Shares of TD, which faces an asset cap and a $3 billion penalty following a probe by U.S. regulators last year into its anti-money laundering program, were down about 5.4% after it said it would ...
Price growth sped up a bit in November, a sign that efforts to cool inflation may be stalling. Over the past 12 months, the consumer price index climbed 2.7%, the Bureau of Labor Statistics ...
Consensus Economics publishes Consensus Forecasts, a widely cited monthly compilation of macroeconomic forecasts and topical analyses by country for 115 economies. [ 1 ] [ 2 ] The countries covered include member countries of the G-7 industrialized nations , Asia Pacific , Eastern Europe , and Latin America . [ 2 ]
SPF has been used in academic research on forecast accuracy and forecast bias. [4] [7] [8] A 1997 analysis of density forecasts of inflation made in the SPF finds: "The probability of a large negative inflation shock is generally overestimated, and in more recent years the probability of a large shock of either sign is overestimated.