NEW YORK (Reuters) - Fed raises forecast for 2012 GDP growth, lowers forecast for 2012 unemployment rate, raises forecast for 2012 core inflation.
JOSEPH TREVISANI, CHIEF MARKET STRATEGIST, WORLDWIDE MARKETS, WOODCLIFF LAKE, NEW JERSEY
“The Fed has not changed its cautionary view of the economy and is keeping its potential support mechanisms ready should they become needed. It is likely that the chairman will not voice any deeper concerns for the economy than have been expressed already in the FOMC statement and the Fed economic projections.”
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