Fed predicts higher inflation and less growth for 2011

04/27/2011 | Bloomberg · TheStreet.com

The Federal Reserve said U.S. inflation this year will increase more than forecast and that gross domestic product will fall short of its expectation. Prices will increase 2.1% to 2.8%, compared with 1.3% to 1.7% predicted in January, the central bank said. The Fed lowered its forecast for economic growth to 3.1% to 3.3%, compared with 3.4% to 3.9% estimated in January.

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Bloomberg · TheStreet.com

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