GDP growth
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The Federal Reserve has lowered the economic growth rate of the United States this year and next, and predicts that it will raise interest rates by another 25 basis points this year
According to reports, the Federal Reserve’s FOMC has made economic forecasts, with the median expected GDP growth rates of 0.4%, 1.2%, and 1.9% from 2023 to 2025. The previous expectations for December were 0.5%, 1.6%, and 1.8%, respectively. The Federal Reserve’s economic forecast indicates that it will raise interest rates by another 25 basis points this year and cut interest rates by 75 basis points by the end of 2024. Interpretation of this information: The Federal Reserve’s Federal Open Market Committee (FOMC) has released its latest economic forecast, which indicates…