The Fed raised its GDP growth and interest rate forecasts and lowered its unemployment rate forecasts

According to BlockBeats, on December 19, the Federal Reserve FOMC released a summary of economic expectations for December. The Federal Reserve raised its GDP growth forecast for this year and next year, and lowered its unemployment rate forecast for this year and next year.

In addition, the Federal Reserve raised its inflation expectations for 2024-2026 and across the board raised its median interest rate expectations after this year.