The Federal Reserve downgraded its outlook for economic growth this year but is slightly more optimistic about the unemployment rate, the Wall Street Journal reports.
The Fed expects the economy to grow between 2.2% and 2.7% this year. That’s down from November’s forecast of between 2.5% and 2.9%. But it sees unemployment falling as low as 8.2%, an improvement from November’s bottom rate of 8.5%.
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