{"id":34288,"date":"2012-12-12T15:50:37","date_gmt":"2012-12-12T20:50:37","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=34288"},"modified":"2012-12-12T15:50:38","modified_gmt":"2012-12-12T20:50:38","slug":"federal-reserve-trims-growth-and-jobless-rate-forecasts","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/12\/12\/federal-reserve-trims-growth-and-jobless-rate-forecasts\/","title":{"rendered":"Federal Reserve trims growth and jobless rate forecasts"},"content":{"rendered":"<p>By <a href=\"http:\/\/www.centralbanknews.info\/\"><u>www.CentralBankNews.info<\/u><\/a> &nbsp; &nbsp; The Federal Reserve trimmed its forecast for U.S. economic growth this year, but kept its 2013 forecast unchanged from September, and expects the unemployment rate to fall faster.<br \/>&nbsp;&nbsp; &nbsp;The U.S. central bank cut its forecast for 2012 Gross Domestic Product growth to 1.7-1.8 percent from its previous forecast of 1.7-2.0 percent. The forecasts for 2014 and 2015 were also trimmed.<br \/>&nbsp; &nbsp; The unemployment rate this year is expected to end with an average rate of 7.8-7.9 percent in the fourth quarter, down from its previous forecast of 8.0-8.2 percent.<br \/>&nbsp; &nbsp; In 2013 the jobless rate should fall to 7.4-7.7 percent, a downwards revision but remain above 6.8 percent in 2014 before declining to between 6.0 and 6.6 percent in 2015.<br \/>&nbsp; &nbsp; The forecast for personal consumption inflation this year was trimmed to 1.6-1.7 percent from 1.7-1.8 percent, but should remain below the Federal Reserve&#8217;s target of 2.0 percent through 2015.<br \/>&nbsp; &nbsp;<br \/>&nbsp; &nbsp;<br \/>&nbsp; &nbsp;<a href=\"http:\/\/www.centralbanknews.info\/\" target=\"_blank\"> www.CentralBankNews.info<\/a><\/p>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-2522552468809403167?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By www.CentralBankNews.info &nbsp; &nbsp; The Federal Reserve trimmed its forecast for U.S. economic growth this year, but kept its 2013 forecast unchanged from September, and expects the unemployment rate to fall faster.&nbsp;&nbsp; &nbsp;The U.S. central bank cut its forecast for 2012 Gross Domestic Product growth to 1.7-1.8 percent from its previous forecast of 1.7-2.0 percent. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/12\/12\/federal-reserve-trims-growth-and-jobless-rate-forecasts\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Federal Reserve trims growth and jobless rate forecasts&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-34288","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/34288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=34288"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/34288\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=34288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=34288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=34288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}