News Column

Fed Announces Growth, Employment Projections for 2013

Dec. 12, 2012

The Federal Reserve predicted Wednesday the U.S. economy will grow between 2.3 percent and 3 percent next year, slightly less than previously forecast.

Unemployment will be in the 7.4 percent to 7.7 percent range, the central bank said. Projections in September had forecast unemployment of 7.6 percent to 7.9 percent.

The September estimate had forecast 2.5 to 3 per cent growth in gross domestic product.




For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH


Story Tools