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Wednesday, 15 March 2017

Finance: The Fed just tightened its growth forecast


economic projections US

The Federal Reserve's latest Summary of Economic Projections.

The Federal Open Markets Committee voted to raise its benchmark interest rate after a two-day meeting, as virtually everyone had been expecting.

It also released its latest Summary of Economic Projections.

The Fed now expects real GDP to grow around 2.0% to 2.2% in 2017, a tighter range compared to its earlier outlook of 1.9% to 2.3%.

Additionally, the Fed's projection for 2017's unemployment rate were unchanged at 4.5% to 4.6%, and expectations for core PCE inflation were also unchanged at 1.8% to 1.9%.



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