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North Carolina A&T State University 2008 College Fed Challenge Aggies Play to Win

North Carolina A&T State University 2008 College Fed Challenge Aggies Play to Win Members: Channing Banks, Marvin Jones, Colin Okoye, Lauren Patton, Brandon Hunter, Angela Stephens, Maurice Mckoy, Brannon Jones Coaches: Hal W. Snarr and Jennis Biser.

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North Carolina A&T State University 2008 College Fed Challenge Aggies Play to Win

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  1. North Carolina A&T State University 2008 College Fed Challenge Aggies Play to Win Members: Channing Banks, Marvin Jones, Colin Okoye, Lauren Patton, Brandon Hunter, Angela Stephens, Maurice Mckoy, Brannon Jones Coaches: Hal W. Snarr and Jennis Biser

  2. Consumer Confidence(Consumer Comfort Index—weekly, last 5 years)

  3. Consumer Confidence(Rasmussen Consumer Index--weekly last 5 years)

  4. Labor Market(non-service sectors)

  5. Labor Market(service sectors)

  6. Interest Rates

  7. Sales

  8. Industrial Production

  9. Capacity Utilization

  10. Bank Lending

  11. Money

  12. Inflation signals

  13. Inflation signals

  14. Inflation signals

  15. Econ growth, Inflation, andUnemployment 6.1 4.9 0.8 Sept 2008

  16. Augmented Phillips Curve(monthly CPI, 1982-2008) 6.1 DInflation = -.4% Inflation falls by 1% per month 7 6.1 10/08 1/09

  17. Inflation Inflation could fall by around 0.4% to 1% per month for next 3 months 1.15% Jan 2008

  18. Real quarterly GDP gapln(GDP) – ln(GDP potential) 9.391 9.369 GDP gap = 9.369 –9.391 = -2.2% July 2008

  19. Real quarterly GDP gap ln(GDP) – ln(GDP potential) 9.404 9.369 Projected GDP gap = 9.369 –9.404 = -3.5% Jan 2009

  20. Federal Funds Rate Target Current inflation (GDP Deflator) 2.6% Expected GDP gap –3.5% Current GDP gap –2.2% Inflation target 2% Expected future inflation (GDP Deflator) 1.15% Eq real interest rate 2%

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