The Fed's economic projections, at a glance (AP)

Skip to navigation ? Skip to content ? By The Associated Press The Associated Press ? Wed?Nov?2, 5:39?pm?ET

Federal Reserve policymakers issued sharply lower forecasts for economic growth on Wednesday, compared to previous figures released in June. The update shows that the central bank expects growth to be sluggish and unemployment high through at least 2013.

Here are the projections released Wednesday, compared to the previous forecast. All figures are in percentages. Unemployment rates are the average for the final quarter of each year:

2011 2012 2013 2014

Updated growth forecast 1.6 to 1.7 2.5 to 2.9 3.0 to 3.5 3.0 to 3.9

June forecast 2.7 to 2.9 3.3 to 3.7 3.5 to 4.2 N/A

Updated unemployment forecast 9 to 9.1 8.5 to 8.7 7.8 to 8.2 6.8 to 7.7

June forecast 8.6 to 8.9 7.8 to 8.2 7.0 to 7.5 N/A

Updated inflation forecast 2.7 to 2.9 1.4 to 2.0 1.5 to 2.0 1.5 to 2.0

June forecast 2.3 to 2.5 1.5 to 2.0 1.5 to 2.0 N/A

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Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20111102/ap_on_bi_ge/us_fed_forecast_glance

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