Updated projections show members of the Federal Reserve expect stronger economic growth and higher inflation this year, although the central bank still expects to keep interest rates at near-zero levels through 2023.
The updated forecasts were released on Wednesday along with the announcement of the Fed's universally expected decision to maintain the target range for the federal funds rate at zero to 0.25 percent.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.