Federal Reserve Raises GDP Growth and Interest Rate Expectations, Lowers Unemployment Rate Expectations

According to BlockBeats, on December 19, the Federal Reserve FOMC released the December Economic Forecast Summary. The Federal Reserve has raised its GDP growth rate expectations for this year and next, while lowering its unemployment rate expectations for this year and next.

In addition, the Federal Reserve has raised its inflation expectations for 2024-2026 and has raised the median interest rate expectations for the years following this year.