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ECRI

19-June-2008

With some coincident and short-leading indicators showing more strength than the consensus expected, a common view among analysts now is that the U.S. economy has averted the long-feared recession.

In the view of many, the real problem is stagflation, behooving the Federal Reserve to quickly raise interest rates to address the rise in inflation.

ECRI’s research, which correctly predicted the last two recessions with no false alarm in between, draws a clear picture of the current state of the U.S. economy. Moreover, it conducts an in-depth examination of the strength of U.S. inflation pressures and arrives at definitive conclusions about the implications for Fed policy action in the coming months.

This information is excerpted from a full report issued on June 18, 2008 to professional subscribers. For information on how to read the complete story and to subscribe to ECRI's services click this link.