The Fed Just Bumped Up Its US Growth Forecasts

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		Tech Science Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Thursday, September 13, 2012 The Fed Just Bumped Up Its US Growth Forecasts   At the conclusion of its Federal Open Market Committee (FOMC) meeting this afternoon, the Federal Reserve said it would begin open-ended quantitative easing while also extending its guidance for low interest rates. In other words, the Fed will do everything it can to keep borrowing costs as low as possible until the economy starts growing at a healthy clip. The Fed's announcements today also included its new forecasts for U.S. economic growth. It upgraded forecasts for real 2013 GDP growth to 2.5-3.0 percent from 2.2-2.8 percent.  For 2014, the Fed raised growth estimates to 3.0-3.8 percent from 3.0-3.5 percent. Below, forecasted GDP through 2015. Read » Also On Money Game Today: SCHORK: Oil Prices Will Be Dictated By The New Middle East 'Powder Keg' What It Means That The Fed Launched 'Unlimited QE' Advertisement CHART OF THE DAY: 4 Likely Scenarios For The Chinese Economy In 2013 CHART OF THE DAY: Why US Manufacturing Is Crumbling Again CHART OF THE DAY: That Disturbing Consumer Credit Number Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.foodieeees@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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