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  • Foldager Mckenzie posted an update 1 week, 5 days ago

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    Other details released on Wednesday show that the Fed’s expansion from the monetary supply is possessing their desired effect of accelerating prices at a rate of 2 percent per year, with their latest projections predicting increases of a whole.2-1.3 percent for 2013, 1.5-1.7 percent for 2014, 1.7-2.0 percent for 2015, and 1.9-2.0 percent for 2016. The projected annual development in gross domestic product (GDP) for 2013 and 2014 was revised downward by the June projection, with the 2013 projection dropping to 2.0-2.3 percent from 2.3-2.6 percent, along with the 2014 projection dropping to 2.9-3.1 percent from 3.0-3.5 percent.

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