{"id":52598,"date":"2024-09-18T14:14:36","date_gmt":"2024-09-18T18:14:36","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=52598"},"modified":"2024-09-18T14:14:36","modified_gmt":"2024-09-18T18:14:36","slug":"federal-reserve-projects-steady-2-economic-growth-and-lower-inflation-in-latest-fomc-report","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/federal-reserve-projects-steady-2-economic-growth-and-lower-inflation-in-latest-fomc-report\/52598\/","title":{"rendered":"Federal Reserve projects steady 2% economic growth and lower inflation in latest FOMC report"},"content":{"rendered":"<p>The Federal Reserve Board and the Federal Open Market Committee (FOMC) have released their economic projections following the September 17-18, 2024, meeting. The projections indicate a stable economic outlook, with moderate GDP growth, easing inflation, and a gradual reduction in interest rates over the coming years.<\/p>\n<ul>\n<li><strong>GDP growth<\/strong> is forecasted at <strong>2.0%<\/strong> for 2024 through 2027, with the longer-run growth target at <strong>1.8%<\/strong>.<\/li>\n<li>The <strong>unemployment rate<\/strong> is expected to decrease from <strong>4.4%<\/strong> in 2024 to <strong>4.2%<\/strong> by 2027, signaling confidence in a resilient labor market.<\/li>\n<li><strong>Inflation<\/strong>, measured by <strong>PCE inflation<\/strong>, is projected to cool to <strong>2.3%<\/strong> in 2024, and stabilize at the Fed\u2019s target of <strong>2.0%<\/strong> by 2026.<\/li>\n<li>The <strong>federal funds rate<\/strong>, currently at <strong>4.4%<\/strong>, is expected to drop to <strong>2.9%<\/strong> by 2027, reflecting a shift towards more accommodative monetary policy as inflation pressures ease.<\/li>\n<\/ul>\n<p>These projections demonstrate the Fed\u2019s cautious optimism about the U.S. economy, balancing inflation control with the goal of sustained growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve Board and the Federal Open Market Committee (FOMC) have released their economic projections following the September 17-18,\u2026<\/p>\n","protected":false},"author":1,"featured_media":52599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-52598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/52598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=52598"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/52598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/52599"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=52598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=52598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=52598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}