FOMC Revised Down Expectation for 2018 Inflation Growth

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23 August 2018

FOMC Revised Down Expectation for 2018 Inflation Growth

Staff Revised Up Slightly Expectation for 2018, 2019 GDP Growth
Revised Up Slightly Unemployment Rate Forecast Over Next Few Quarters
Saw Inflation Close to 2% Over Medium Term
GDP, Unemployment, Inflation Risks As Balanced

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FOMC: Wage Growth Seen As Modest, Some Officials Expected Pickup Before Long

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