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Here are the new FOMC projections.
GDP growth was revised down to around 2.8% this year.
The unemployment rate was revised up to 8.6% to 8.9% (this is Q4 unemployment rate). The FOMC thinks the unemployment rate will still be around 8% at the end of 2012!
Inflation was revised up for 2011.
But core inflation is seen at levels still below the FOMC target.
Detail by Bill McBride
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