Fed sees US economy growing by 6.5% in 2021
Federal Open Market Committee holds rates steady and says pace of price increases is now expected to exceed its target for the year
17 March 2021 - 20:43
Washington — The Federal Reserve on Wednesday projected a rapid jump in US economic growth in 2021 as the Covid-19 crisis winds down, and repeated its pledge to keep its target interest rate near zero for years to come.
The US central bank now sees the economy growing 6.5% this year, and the unemployment rate falling to 4.5% by year's end, compared to growth of 4.5% and unemployment of 5% projected at its December policy meeting...
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