FEDERAL RESERVE SAYS US UNEMPLOYMENT RATE TO FALL TO 4.5% IN 2021

Highlights

• As per Fed officials, the gross domestic product is likely to grow 6.5 percent and the inflation is expected to hit 2.4 in 2021 as compared with previous estimation made by the central bank of 1.8 percent

• Powell said “The faster, the better. The recovery has progressed more quickly than generally expected.”  

According to projections released on Wednesday, the Federal....