The Federal Reserve keeps inflation and unemployment forecasts unchanged, raising growth expectations

According to ChainCatcher, the latest Federal Reserve economic forecast shows that policy makers expect median inflation to remain at 3% by the end of this year, much higher than the central bank's 2% target, consistent with the last forecast in June. The forecast for unemployment remained unchanged at 4.5%, while the forecast for economic growth was raised to 1.6% from 1.4%.