The Federal Reserve boosted its outlook for U.S. economic growth and lower unemployment this year.
The Federal Reserve boosted its outlook for U.S. economic growth and lower unemployment this year.
In an updated forecast, the Fed predicted that the economy will grow between 2.4 percent and 2.9 percent in 2012. That compares with its forecast in January, when it estimated growth this year between 2.2 percent and 2.7 percent.
The Fed is estimating that unemployment, now at a three-year low of 8.2 percent, will be between 7.8 percent and 8 percent at year’s end. That compares with its forecast in January, when it estimated an unemployment rate as high as 8.5 percent at the end of 2012.
Read more at OregonLive.com.
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