What the Fed's key meeting signals for inflation, jobs and more

  • By cvbizz
  • March 17, 2021
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The Federal Reserve foresees the economy accelerating quickly this year but still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about potentially higher inflation.Inflation changesWith its brightening outlook, the Fed on Wednesday significantly upgraded its forecasts for growth and inflation. It now envisions the economy expanding 6.5% this year, up sharply from its previous projection

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