The Fed Isn't a Tougher Bun Than the Fed

Both inplation and growth are much higher in the us. Than in the eur. Soand so we're probably looking at growth of around four % for the year, which is well above potential but a pretty significant slow down from last year when we were over five%. On the inflation side, again, we're higher than the arizone. Inflation exceeded eight % in april in the us - that's very good. The fed is hoping that it will come down to around three % by the end of the year. But i think that might be a little bit optimistic. I think we could see inflation between three and four % by theend of this year. That