Fed ups its GDP forecast for 2019 slightly to 2.2%
Thursday, September 19, 2019 | Tag Cloud Tags: Federal Reserve, News, PLO, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs!
(Worthy News) – The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged, according to its Summary of Economic Projections.
The central bank now expects GDP to grow at a 2.2% pace for 2019, versus the 2.1% forecast in June. The unemployment rate is expected to rise to 3.7% this year, slightly above the 3.6% projection in June.
The GDP outlook for 2020 stayed unchanged at 2%. [ Source: CNBC (Read More…) ]
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