“We may be entering a period in which policy changes are even more dependent than they have been on current readings of the economy, with all the uncertainty such readings can bring.”
“There are short-term questions to be sure -- the impact of changes in residential housing markets and the prospects for inflation are two -- but, overall, the economy in 2006 seems likely to be very well-behaved.”
“My sense is that Massachusetts and New England will experience some sustained cooling in real estate markets and some flattening of prices. But this trend is not likely to affect the region overly negatively.”
