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Fed meeting minutes: Unemployment expected to rise slightly
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2025-01-09 05:02 5,901
Golden Finance reported that the minutes of the Federal Reserve’s December meeting stated that staff predicted that the U.S. economic situation would remain solid. Real GDP growth is expected to slow slightly from the previous baseline forecast, and the unemployment rate is expected to rise slightly but remain close to staff estimates of the natural rate of unemployment. In the staff's baseline forecast, inflation forecast for 2024 is slightly higher than the forecast made at the last meeting, reflecting an upside surprise from some recent data, with inflation expected to fall to 2% by 2027, consistent with the forecast for 2027. Predictions for the November meeting were consistent.
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