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Fed projects jobless rate to reach 4.5 percent by end of 2023

Por: The Hill Politics March 23, 2023

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Federal Reserve officials expect the unemployment rate to reach 4.5 percent by the end of 2023 as interest rate hikes slow the economy, according to projections released Wednesday.  That’s an uptick from the current 3.6 percent unemployment rate, indicating that Fed officials predict that millions of Americans could lose their jobs this year as the U.S. economy grapples with higher interest rates and the aftereffects of a banking crisis.  at... + full article



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