FED to Downgrade Outlook for U.S. Economy

The Financial Times of London reports in its Monday's edition that "The Federal Reserve is set to downgrade its assessment of U.S. economic prospects when it meets on Tuesday.  Faced with weak economic data and rising fears of a double-dip recession, the Federal Open Market Committee (FOMC) is likely to ensure its policy is not constraining growth and to use its statement to signal greater concern about the economy. It is, however, unlikely to agree big new steps to boost growth."