Fed Increases 2012 Economic Growth Forecast

Politics FOXBusiness

The Federal Reserve increased its projections for 2012 economic growth and core inflation, and lowered its forecast for the unemployment rate. The projections also showed seven officials at the Federal Reserve expect the central bank to hike interest rates in 2014, up from five when projections were released in January. 

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Graphical Breakdown of Projections by Federal Reserve Officials




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