It also slashed its estimates for US economic growth this year to a range of
1.9 per cent to 2.4 per cent, down from an April projection of 2.4 per cent
to 2.9 per cent.
It cut forecasts for 2013 and 2014, as well.
Fed officials said they expect the job market to make slower progress than
they did just a couple months ago, with the unemployment rate now seen
hovering above 8 per cent for the remainder of this year. It stood at 8.2
per cent in May.
Related posts:
Greenpeace to target trawler's trip south
GOP Will Vote July 11 To Repeal Obamacare: Don’t Hold Your Breath With Rothschild’s Cantor ~ States ...
A Tale of Two Treaties
Marine Discharged for Slamming Obama on Facebook
Romney Sets GOP Fundraising Record: $100 Million in June
Satisfaction with Country's Direction Changes -- Just like Gas Prices
Views: 0