F_E_D Slashes Growth

So we have an "economic rebound" despite Q1 2014 GDP at -2%, real wages down, food and fuel at huge inflationary moves from yesterday's CPI, real wages declining, everything is ok, yet...
The F_E_D slashes their growth forecast from March...


2014 GDP GROWTH OF 2.1%-2.3% VS 2.8%-3.0% IN MARCH hmmm...