Judul : The Fed boosts its outlook for the US economy
link : The Fed boosts its outlook for the US economy
The Fed boosts its outlook for the US economy
The Federal Open Markets Committee voted to raise its benchmark interest rate 25 basis points to a range of 1%-to-1.25% at the conclusion of its two-day meeting, as virtually everyone was expecting.
It also released its latest Summary of Economic Projections.
The Fed now expects real GDP to grow 2.1% to 2.2% in 2017, compared to its previous outlook of 2.0% to 2.2%. Moreover, it expects the unemployment rate to fall to 4.2 to 4.3% this year, down from its previous projection of 4.5% to 4.6%.
As for inflation, the Fed says core PCE will come in at 1.6% to 1.7% in 2017, below prior expectations of 1.8% to 1.9%.
Federal Reserve
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
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Appear first on Times News Malaysia
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