Fed sees slightly faster U.S. growth in 2014
WASHINGTON
(MarketWatch) - The Federal Reserve on Wednesday slightly raised its
forecast for how fast the U.S. will grow in 2014 and the central bank
also expects the unemployment rate to fall a bit quicker ...
Dec. 18, 2013, 2:01 p.m. EST
Fed sees slightly faster U.S. growth in 2014
new
WASHINGTON (MarketWatch) - The Federal Reserve on Wednesday slightly
raised its forecast for how fast the U.S. will grow in 2014 and the
central bank also expects the unemployment rate to fall a bit quicker
than it previously estimated. The latest quarterly forecast by the Fed
pegs U.S. growth at a range of 2.8% to 3.2% in 2014. That's a bit
stronger than its previous estimate of 2.9% to 3.1%. The Fed also
predicts unemployment will range from 6.3% to 6.6% in 2014 and 5.8% to
6.1% in 2015. By 2016, unemployment should drop below 6%. Inflation as
measured by the PCE index, meanwhile, could range from 1.4% to 1.6% in
2014, down from the Fed's prior forecast of 1.3% to 1.8%. The PCE index
is on track to rise about 1% in 2013.
Read the full story:
Fed tapers bond-buying program by $10 billion
Fed tapers bond-buying program by $10 billion
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