The Fed is out with its economic outlook
Advertisement
The Fed just raised rates for the first time in nine years, ending a historic era of nearly 0% interest rates that began seven years ago today.
Advertisement
Along with the news, it also released its latest Summary of Economic Projections.
The Fed now expects 2015 GDP to grow 2.1%, a more precise projection than its previous outlook of 2.0 to 2.3% growth.
The Fed also kept its unemployment rate projection more or less in line at 5.0%, compared to the previous projection of 5.0 to 5.1%.
Check it out below.
Advertisement
Federal Reserve
Advertisement
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’