Fed: Slightly Lower Growth, Unemployment In 2012

Federal Reserve lower growth optimistic unemployment rate
Federal Reserve lower growth optimistic unemployment rate

By Martin Crutsinger


WASHINGTON (AP) -- The Federal Reserve has slightly reduced its outlook for U.S. economic growth this year but is a little more optimistic about the unemployment rate.

The Fed expects the economy to grow between 2.2 percent and 2.7 percent in 2012, according to its updated economic forecasts released Wednesday. That's down from November's forecast of between 2.5 percent and 2.9 percent.