Fed sees economy shrinking at a softer pace in 2020 than previously forecasted

Fed sees economy shrinking at a softer pace in 2020 than previously forecasted

In its updated Economic Projections, the FOMC said it expects the gross domestic product (GDP) to contract at a softer pace than the previous forecast of 6.5% in 2020 and sees unemployment at 7.6% at year end.

16 Sep 20 (Wed)

06:05 pm



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