Published On: Thu, Sep 17th, 2015

US Fed sees weaker growth, lower inflation; delays rate hike

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economy-bad-shapeWASHINGTON (AP) — Federal Reserve policymakers have slightly lowered their projections for growth and inflation in the next two years, an outlook that likely factored into their decision to hold off on raising interest rates.The Fed also reduced its estimate for long-run unemployment to 4.9 percent from 5 percent. This suggests that it is willing to wait for unemployment to fall further before cutting rates. Unemployment stands at 5.1 percent.

Source: US Fed sees weaker growth, lower inflation; delays rate hike

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