Fed ups its GDP forecast for 2019 slightly to 2.2%


bigstock Us Dollars On Background Of Us 258193594 us economy(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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