Business forecast for slow growth (Reuters)

[cthrumatrix]

Business forecast for slow growth
Mon May 23, 1:49 AM ET

WASHINGTON (Reuters) - U.S. businesses cut their forecasts for economic growth for this year and 2006, but believe expectations of higher inflation will keep the Federal Reserve on a tightening path, a survey released on Monday showed.


The National Association for Business Economics said its panel of 50 forecasters trimmed its growth outlook for 2005 and 2006 from three months ago, taking the consensus for both years to 3.4 percent growth from the 3.6 percent forecast in February.

"The panel's revisions were likely colored by a spate of weak data reported for February and March that signaled a loss of forward momentum," NABE said in a statement.

snip

so much for the "growth and no inflation jargon" we keep hearing from CNBC.

"step right up and take a bet on the stock market"

[ClintonTyree]

1. This has been happening for years....

the Corporations lower their earnings forecasts and then when they meet them, low and behold, the economy is doing GREAT! Lowered expectations don't seem to have an effect on the market. Meeting those lowered expectations does. :shrug: What am I missing here?