Fed cuts unemployment forecast to 4.1% in 2023, expected to be 4.5% in March

FAP, June 15 (AP)-the Federal Reserve lowered its unemployment rate forecast to 4.1% in 2023 and 4.5% in March. Unemployment rate is expected to fall to 4.5% in 2024 and 4.6% in March. Unemployment rate is expected to rise to 4.5% in 2025 and 4.6% in March. The long-term unemployment rate is expected to be 4.0%, compared with 4.0% in March.