******barrons***/livecoverage/fed-meeting-rate-decision-powell-speech-today/card/fed-officials-cut-forecast-for-growth-in-2023-raise-call-on-inflation-njMMXxfaQgGevheiUYjU
The median projection of 18 FOMC members now calls for a 0.4% increase in U.S. gross domestic product in 2023, down by a tenth from the estimates the committee gave in December. The median dot, or forecast, for 2024 GDP growth moved down more significantly to 1.2% from 1.6% in December.