McDevitt Discusses the Economy – Part 1 (14:16)
June 29, 2006—John McDevitt, former 3M Corporate Economist, in the first part of a three-part series, evaluates yesterday’s GDP report, discussing the growth of the first quarter and his expectations for the remainder of the year and 2007. McDevitt looks at yesterday’s rate hike by the Fed and discusses the statement issued by the FMOC and its meaning for future rate increases.