EFTA Document EFTA01450606

with household balance sheets well repaired and fiscal drag set to be much smaller than it was this year. I do not expect any significant downward revision to the FOMC's economic projections for growth. Indeed, they may well mark down the projected path of the unemployment rate. Con: weakness in business investment spending, and more recent softness in capital goods orders augurs against the sort of self-sustaining economic recovery that the center of the FOMC has indicated they need to