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12.12.2019 10:14 AM
The Fed's forecast on the US economy for 2020-21

- forecast on GDP growth for 2019 is 2.1% - 2.2% (previously 2.1% - 2.3%)

- forecast on GDP growth for 2020 is 2.0% - 2.2% (previously 1.8% - 2.1%)

- forecast on GDP growth for 2021 is 1.8% - 2.0% (previously 1.8% - 2.0%)

- forecast on the unemployment rate for 2019 is 3.5% - 3.6% (previously 3.6% - 3.7%)

- forecast on the unemployment rate for 2020 is 3.5% - 3.7% (previously 3.6% - 3.8%)

- forecast on the unemployment rate for 2021 is 3.5% - 3.9% (previously 3.6% - 3.9%)

- forecast on the inflation in personal consumer spending for 2019 is 1.4% - 1.5% (previously 1.5% - 1.6%)

- forecast on the inflation in personal consumer spending for 2020 is 1.8% - 1.9% (previously 1.8% - 2.0%)

- forecast on the inflation in personal consumer spending for 2021 is 2.0% - 2.1% (previously 2.0%)

Jozef Kovach,
Analytical expert of InstaForex
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