{"id":23046,"date":"2010-11-22T17:16:27","date_gmt":"2010-11-22T17:16:27","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ft-pessimistic_federal_reserve_to_slash_growth_forecasts\/"},"modified":"2010-11-22T17:16:27","modified_gmt":"2010-11-22T17:16:27","slug":"ft-pessimistic_federal_reserve_to_slash_growth_forecasts","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=23046","title":{"rendered":"FT&#8211;Pessimistic Federal Reserve  to slash growth forecasts"},"content":{"rendered":"<p>The US Federal Reserve will slash its growth forecasts and predict higher unemployment when it releases updated economic projections this week.<\/p>\n<p>The Fed will release the latest forecasts made by members of its rate-setting open market committee on Tuesday, alongside the minutes of their November meeting, giving a complete picture of why they launched a new $600bn round of asset purchases.<\/p>\n<p>The revised forecasts will show how the Fed became much more pessimistic over the summer and also highlight fears among a few members of the FOMC that some of today\u2019s 9.6 per cent unemployment rate is structural and will take years to cure.<\/p>\n<p><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/b92ecb0c-f596-11df-99d6-00144feab49a.html#axzz160rerogL\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Federal Reserve will slash its growth forecasts and predict higher unemployment when it releases updated economic projections this week. The Fed will release the latest forecasts made by members of its rate-setting open market committee on Tuesday, alongside<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=23046\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,209,582,589,149,671,584],"tags":[],"class_list":["post-23046","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-americau-s-a","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-federal-reserve","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/23046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23046"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/23046\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}