FED KEEPS KEY RATE NEAR ZERO AND STILL EXPECTS NO HIKES THROUGH 2023 DESPITE BRIGHTER ECONOMIC OUTLOOK

March 17, 2021

The Fed also stepped up its economic forecast, predicting growth of 6.5% this year as unemployment falls from 6.2% to 4.5% by year-end. Fed officials believe a key inflation measure will hit 2.1%, just above their 2% target, in 2023.

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