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The Fed just slashed its economic outlook

The Fed just slashed its economic outlook
Stock Market1 min read

The Federal Reserve just released its latest Summary of Economic Projections.

Notably, the Fed now expects 2015 GDP to grow 1.8% to 2.0%, down from its previous outlook of 2.3% to 2.7% growth.

The Fed also revised its unemployment rate projection up to 5.2 to 5.3% from 5.0% to 5.2%.

Screen Shot 2015 06 17 at 2.02.30 PM

Federal Reserve

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