Fed published a forecast for GDP, unemployment, and inflation for three years
Fed forecast for major indicators of the US economy are as follows:
– the forecast for GDP growth is 2.0% – 2.2% (previously 1.9% – 2.2%) in 2019.
– the forecast for GDP growth is 1.8% – 2.2% (previously 1.8% – 2.0%) in 2020.
– the forecast for GDP growth is 1.8% – 2.0% (previously 1.7% – 2.0%) in 2021.
– the forecast for the unemployment rate is 3.6% – 3.7% (previously 3.6% – 3.8%) in 2019.
– the forecast for the unemployment rate is 3.5% – 3.9% (previously 3.6% – 3.9%) in 2020.
– the forecast for the unemployment rate is 3.6% – 4.0% (previously 3.7% – 4.1%) in 2021.
– the forecast for inflation in the field of personal consumer spending is 1.5% – 1.6% (previously 1.8% – 1.9%) in 2019.
– the forecast for inflation in the field of personal consumer spending is 1.9% – 2.0% (previously 2.0% – 2.1%) in 2020.
– the forecast for inflation in the field of personal consumer spending is 2.0% – 2.1% (previously 2.0% – 2.1%) in 2021.
The material has been provided by InstaForex Company – www.instaforex.com
Source:: Fed published a forecast for GDP, unemployment, and inflation for three years