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The Fed is out with its economic outlook

The Fed is out with its economic outlook
Stock Market1 min read

The Fed just raised rates for the first time in nine years, ending a historic era of nearly 0% interest rates that began seven years ago today.

Along with the news, it also released its latest Summary of Economic Projections.

The Fed now expects 2015 GDP to grow 2.1%, a more precise projection than its previous outlook of 2.0 to 2.3% growth.

The Fed also kept its unemployment rate projection more or less in line at 5.0%, compared to the previous projection of 5.0 to 5.1%.

Check it out below.

Screen Shot 2015 12 16 at 2.01.28 PM

Federal Reserve

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