What is Your Forecast?

This week the Federal Reserve reduced their forecast for economic growth and and inflation because the economy is starting to cool - here and abroad.

Manufacturing output dropped to the lowest levels in a year, with the lowest growth in consumer goods. Demand for business equipment which was strong earlier in the year has begun to taper off as well. Good new is jobless claims are down. China missed its forecasted economic growth rate for the second quarter because of lower production. Loadings figures have been soaring for most modes of late and rates have been rising. Based on the figures this week for orders and production I am expecting to see a drop in freight carried in the coming months. Part of the bumpy ride out of the recession.

What are you forecasting for the remainder of the year for your business?

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