Imam Jamal Ali urged mourners at baby Kristiano Aziz’s funeral not to cast blame on the infant’s mother for his death.
You are here
Fed foresees steady growth despite winter setbacks
WASHINGTON—Federal Reserve officials expect the US economy to grow at a steady, if modest, pace in 2014 despite weather-related setbacks this winter. The Fed forecasts growth of 2.8 per cent to three per cent this year, a bit lower than its December projection of between 2.8 per cent and 3.2 per cent. The forecast suggests that Fed policymakers will continue to pare their monthly bond purchases, which are intended to stimulate growth by keeping interest rates low.
The Fed’s first policymaking meeting under new Chair Janet Yellen ended Wednesday. The Fed expects unemployment to fall further this year than it thought in December. It forecasts that the unemployment rate will drop to 6.1 per cent to 6.3 per cent by the end of this year, down from its December projection of 6.3 per cent to 6.6 per cent.
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff.
Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments.
Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.