The Federal Open Markets Committee voted to raise its benchmark interest rate after a two-day meeting as virtually everyone had been expecting.
And it also released its latest Summary of Economic Projections.
The Fed now expects real GDP to grow around 2.0% to 2.2% in 2017, a tighter range compared to its earlier outlook of 1.9% to 2.3%.
Additionally, the Fed’s projection for 2017’s unemployment rate were unchanged at 4.5% to 4.6%, and expectations for core PCE inflation were also unchanged at 1.8% to 1.9%.
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