Fed projections GDP to contract -6.5% in 2020, unemployment rate to end at 9.3%

<p>In the new economic projections (median), Fed expects GDP to contract -6.5% in 2020, then rebound by 5.0% in 2021, below slowing to 3.5% in 2022. Unemployment rate is expected to hit 9.3% by the end the of year, then dropped back to 6.5% at 2021 end, and 5.5% in 2022 end. Core PCE inflation […]</p>
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