Fed members see 2013 GDP 2.3-3.0%

Author: Adam Button | Category: Central Banks
  • Compares to 2.5-3.0% in Sept
  • 2014 growth seen 3.0-3.5% vs 3.0-3.8% prior
  • Unemployment at 7.8-7.9% vs 8.0-8.2% in Sept
  • 15 of 19 officials see Fed funds rate below 1% in 2014
  • 10 of 19 officials see it at 1% or higher in 2015
  • PCE inflation in 2013 seen 1.3-2.0% vs 1.6-2.0% in Sept

Normally forecasts tend to get tighter over time but these ones are widening.

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