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- Fed Raises Interest Rates, Signals Slightly Lower Path of Future Increases
Fed Raises Interest Rates, Signals Slightly Lower Path of Future Increases
Federal Reserve Changes Fed Funds Range to 2.25% to 2.50
No Fed Officials See Interest Rates Above 3.25% at End of 2019, Down from 5 in Sept
Fed Officials Raise Long-Run GDP Growth Forecast to 1.9% from 1.8% in Sept
Officials Lower Long-Run Unemployment Rate Forecast to 4.4% from 4.5% in Sept
Fed Officials See Fed Funds Rate at a Median of 2.4% at End of 2018
Fed Funds Rate at a Median of 2.9% at End of 2019
Fed Funds Rate at a Median of 3.1% at End of 2020
Fed Funds Rate at a Median of 3.1% at End of 2021
Officials See Fed Funds Rate at a Median of 2.8% in Longer Run
Officials Lower 2018 GDP Growth Forecast to 3% from 3.1% in September
Lower 2019 GDP Growth Forecast to 2.3% from 2.5% in Sept
Lower 2019 Inflation Forecast to 1.9% from 2% in Sept
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