Fed downgrades US GDP growth, inflation forecasts for 2023

US Materials 22 March 2023 22:26 (UTC +04:00)

The US Federal Reserve has downgraded the GDP growth forecast for 2023 to 0.4% from 0.5%, Trend reports citing TASS.

At the same time, the Federal Reserve has downgraded its forecast for US inflation in 2023 to 3.3% from 3.1%.

Furthermore, the Federal Reserve has improved its forecast for the US unemployment rate in 2023 to 4.5% from 4.6%.