The Federal Reserve raises its 2023 GDP growth forecast to 1.0%. March is expected to grow by 0.4%.

[Fed raises US 2023 GDP growth forecast to 1.0% March is expected to grow 0.4%] the Federal Reserve raised its 2023 GDP growth forecast to 1.0%, which is expected to increase by 0.4% in March; lowered its 2024 GDP growth forecast to 1.1% and expected to increase by 1.2% in March; lowered its 2025 GDP growth forecast by 1.8% and expected to increase by 1.9% in March. Us GDP growth over a longer period is expected to be 1.8 per cent.