The FOMC reduces its 2012 jobless view to 7.8-8.0% from 8.2-8.5% projected in January. Inflation...

|By:, SA News Editor

The FOMC reduces its 2012 jobless view to 7.8-8.0% from 8.2-8.5% projected in January. Inflation is estimated at 1.9-2.0% from 1.4-1.8%. The GDP growth outlook is raised to 2.4-2.9% from 2.2-2.7%. Seven Fed members see the first rate hike in 2014, up from 5 previously. (full report)