By JEANNINE AVERSA The Federal Reserve expects the economy this year will sink at a slower pace than it previously thought, but that unemployment will top 10 percent, according to a forecast released Wednesday.The Fed now predicts the economy will shrink between 1 and 1.5 percent this year, an improvement from its old forecast issued in May.
Fed: Unemployment Will Top 10 Percent This Year
Star-Telegram.com: Breaking News, Fort Worth Star-Telegram: World
Wed, 07/15/2009 - 12:03pm
Topics: jeannine aversa the federal reserve may at war ii march americans president barack obama june fed chairman ben bernanke fed the percent this year unemployment will top percent economy forecast inflation bank rate rates rise central time recovery high forecasts market actions companies interest drive government projected policymakers upgrade record pace previously range gain officials meeting lending expects expanding predicted trillion thought growth country jobless
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