The US Federal Reserve has revised its economic projections, lowering its forecast for GDP growth and unemployment rates. In contrast, the forecast for inflation, as measured by the PCE and core PCE, has been significantly raised for this year and the next. Additionally, the projected federal funds rate has been increased for the next three years. These adjustments reflect the Fed's latest assessment of the US economy, indicating a more cautious outlook on growth and a greater concern about inflationary pressures. The revised projections suggest a more complex economic landscape in the coming years
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