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First -- -- -- Washington Peter Barnes and breaking news.
That's right direction -- we have the latest economic projections now from the Federal Reserve and -- just.
Very slight changes from the previous forecast in September let's run through them starting with the the GDP forecast the fed is now.
Projecting that GDP for the year point -- -- end up around one point 8% back at September it was projecting one point 9% growth.
And then and -- thirteen it's these two point seven.
Present growth then.
Getting growth getting above 3% reliably consistently and act and 4014 and 2015.
Alec the unemployment rate it sees it slightly.
Better just a little bit better compared to the September projections.
Now it sees unemployment ending up in -- -- about seven point 9% -- have previously was projecting about eight point 1%.
And -- -- seven point six about seven point 6% and 2013.
And then getting down.
Consistently under 7%.
Up by 2015.
That looks slightly better in this new forecast of one point 7%.
For 2012 compared to the September forecast of one point date and then one point 71 point 81 point nine.
Going out to 2015 so under 2% the Fed's official target and then finally we have this a handy dandy new.
Chart that they've got started getting us which is a poll of the nineteen members of the FOMC.
And the up and their thoughts on the appropriate timing.
A policy firming when the -- that should start to tighten.
Monetary policy and that's.
Very little change from the September.
Chart two members believe a policy tightening should begin in.
Next year point thirteen three believe it should begin in point fourteen.
The bet the majority thirteen of them.
Believe it should start in -- fifteen and one believes that the pension wait until 2016.
-- thank you very much.
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