Economic Growth Forecast Lowered

Federal Reserve officials lowered their forecasts for growth this year and next. Officials say the U.S. economy growing at a moderate pace, somewhat more slowly than previously projected.

According to officials the US economy will from 2.7% this year to 2.9% next year. Previous projections were from 3.1% this year to 3.3% next year. Along with these revised projections, the fed is also boosting it’s projected range of inflation and unemployment rates for both years.

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