least 2025. Further projections showed souring expectations for the Homestead grays cool papa bell world’s fastest player shirt In addition health of the US economy, with Fed officials now predicting that unemployment will rise to 4.6% by the end of 2023 and remain at that level through 2024. That’s 0.2 percentage points higher than the 4.4% rate they were expecting in September and significantly higher than the current 3.7% rate. GDP, a measure of economic output, is also projected to drop to 0.5% next year, down from 1.2% in September. The forecast will likely stoke investors’ and economists’ fear that the US economy will endure a recession next year. Federal Reserve Chair Jerome Powell said last month that there is still a chance the economy can avoid recession but said the odds are slim. “To the extent we need to keep rates higher longer, that’s going to narrow the path to a soft landing,” he said at an economic forum last month. Still, the economy has so far withstood the hikes. The job market is healthy, wages are growing, Americans are spending and GDP is strong. Business is also good: Companies are largely beating revenue expectations and reporting positive earnings results. Fed Chair Powell is schedule to hold a post-meeting press conference at 2:30 p.m. Wednesday.
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