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CUEG Foresees 2007 Economic Growth Dipping but Positive in 2008

The Credit Union Economics Group is forecasting "healthy variations" in key economic indicators for this year, but the organization is more positive about 2008.

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WASHINGTON — The Credit Union Economics Group is forecasting “healthy variations” in key economic indicators for this year, but the organization is more positive about 2008.

The group, comprised of various credit union representatives from across the country, predicted a 25-basis-point cut this year to the Federal Reserve’s target rate. Long-term investment rates will see minor adjustments creating a flat to slightly positive yield curve over the next two years.

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