The Federal Reserve maintains its inflation and unemployment rate forecasts while raising its economic growth expectations
ChainCatcher news, according to Jinshi reports, the Federal Reserve's latest economic forecast shows that policymakers expect the median inflation rate to remain at 3% by the end of this year, well above the central bank's target of 2%, consistent with the last forecast in June. The unemployment rate forecast remains unchanged at 4.5%, while the economic growth forecast has been raised from 1.4% to 1.6%.
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