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Fed downgrades outlook for U.S. economy

Posted By -NO AUTHOR- On 09/18/2013 @ 2:56 pm In Money,U.S. | No Comments

WASHINGTON (AP) — The Federal Reserve has a more downbeat outlook on the U.S. economy for 2013 and 2014 than it did three months ago.

The Fed predicts that the economy will grow just 2 percent to 2.3 percent this year, down from its previous forecast in June of 2.3 percent to 2.6 percent growth.

Next year’s economic growth will be a barely healthy 3 percent, the Fed predicts.


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