Wednesday: Yellen, Industrial Production, NY Fed Mfg Survey, Beige Book and more

From the WSJ: White House Cuts Growth Forecast for 2015, 2016 The White House said it sees U.S. growth rising by just 2% this year before rebounding to 2.9% in 2016-down from its earlier forecast of 3% growth for both 2015 and 2016 released in February-after the economy stalled during the first quarter. ... The White House estimates that the annual budget deficit will fall to $455 billion this year, down 22% from its estimate of $583 billion in February. ... It sees the unemployment rate falling to 5.3% this year and 4.9% next year, down from forecasts of 5.4% and 5.1%, respectively,......(read more)

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