The Federal Reserve (Fed) lowered Wednesday in more than one percentage point of economic growth projection of the United States in 2011 and placed him in a calculation between 1.6 and 1.7%.
The Reserve had estimated in June that this year GDP will grow between 2.7 and 2.9%.
The central bank also cut substantially their expectations increase in GDP in 2012, lowering them to between 3.3 and 3.7% to 2.5 to 2.9%.
Following a two-day meeting, the Open Market Committee, which directs the U.S. monetary policy, issued its quarterly projections Gross Domestic Product (GDP), unemployment and inflation.
In June, the Reserve estimated that the unemployment rate for the whole year would be between 9 and 9.1%, and in next year would drop to 7.8 to 8.2%.
Now the central bank estimates that the year will close with an unemployment rate between 9 and 9.1%, and next year the rate will remain between 8.5 and 8.75%.
Regarding inflation, the estimate made in June for all 2011 shows an increase of 2.7 to 2.9% in the consumer price index (CPI), and now the Federal Reserve expects that inflation measure is between 2.7 and 2.9%. Read more......