Fed predicts tepid economic growth, rising unemployment in 2023

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Fed predicts tepid economic growth, rising unemployment in 2023
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The unemployment rate in the U.S. could jump to as high as 4.6%, as the Federal Reserve tries to clamp down on high inflation, the Fed’s latest forecast shows. For the first time, several senior Fed officials also predicted a recession next year.

, as the Federal Reserve tries to clamp down on high inflation, the central bank’s latest forecast shows.The central bank on Wednesday raised a key short short-term.

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