Fed Upgrades Economic Projections, Maintains Interest Rate Expectations
Federal Reserve officials have upgraded their economic projections, expecting unemployment and inflation to rise higher than previously thought. The central bank now sees an unemployment rate of between 4.4% and 4.5% this year, with forecasters predicting it will stay around 4.5% in 2026 and 2027. Inflation is also expected to increase, reaching a median PCE … Read more