Economists, Fed still think economy can avoid a recession
The Federal Reserve and most private economists are holding firm to views that the U.S. economy can avoid a recession, even as investors signal otherwise. But figuring out who is right, even with history as a guide, isn't easy. Still, negative indicators such as a slumping housing market and high gas prices have some industry executives, such as James Wiltz, CEO of dental products distributor Patterson Cos., adjusting their earnings outlooks accordingly.
Wall Street Journal, The | 11/26
This story published in NAW SmartBrief on 12/03/2007
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