Federal Reserve's 2024 Economic Outlook: Accelerated Growth and Inflation Forecast Updates
Wednesday, 20 March 2024, 18:19
Faster Growth with Economic Optimism
The Federal Reserve announced a positive outlook for the U.S. economy in 2024, with expectations for accelerated growth and reduced unemployment. Despite these optimistic projections, concerns over inflation linger as the Fed anticipates a slower deceleration rate than initially forecasted.
Changes in GDP Predictions
- GDP Growth: Forecast to exceed previous estimates
Revised Inflation Forecast
- Inflation Deceleration: Expected to slow down, but not as rapidly as projected
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