Fed: The Unemployment Rate Is Going To Be Better Than We Thought

The Federal Reserve has just concluded its Federal Open Market Committee (FOMC) meeting. They also just published an update to its economic forecasts. The good news is that they just lowered their unemployment rate forecasts. However, they also modestly revised lower their expectations for GDP. Here's a round up: Unemployment rate 2013: 7.3-7.5 percent, down from 7.4-7.7 percent2014: 6.7-7.0 percent, down from 6.8-7.3 percent2015: 6.0-6.5 percent, down from 6.0-6.6 percent GDP2013: 2.3-2.8 percent, down from 2.3-3.0 percent2014: 2.9-3.4 percent, down from 3.0-3.5 percent2015: 2.9-3.7 percent, down from 3.0-3.7 percent Here are their charts: Please follow Money Game on Twitter and Facebook.Join the conversation about this story »