EC 304
Assignment #7
Focusing on the employment report due out this Friday, along with the NAPM index (due out on Friday), the latest Michigan Consumer Sentiment and Conference Board Consumer Confidence reports, Auto Sales (due out on Friday), and any other data you feel is appropriate, assess the current pace of economic activity. Have conditions changed in any important way since your analysis last month? Would you advise Chairman Greenspan and the Federal Open Market Committee to cut rates once again when they meet next Wednesday? In your view, what is the likelihood that we are now in a recession? Briefly comment on the GDP report for the third quarter that will be released this Thursday.
Please turn in this assignment in class Tuesday, November 5.