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Blog Archive ? Fed lowers growth, raises unemployment forecasts

-- expats
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11/02/11 15:21
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Blog Archive ? Fed lowers growth, raises unemployment forecasts

Thank author of this post/comment02-Oct (AP) - The Federal Reserve has lowered its growth forecasts and raised its unemployment projections, suggesting the economy has a longer path to recovery. The central bank's latest forecast released Wednesday predicts that the economy will grow just 1.6 percent to 1.7 percent for all of 2011. For 2012, growth will range between 2.5 percent and 2.9 percent.

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