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Other particulars launched on Wednesday show that the Fed’s growth of the monetary provide is not getting their preferred effect of growing prices at a price of 2 % per yr, with their newest projections predicting raises of one.2-1.three percent for 2013, 1.five-1.7 percent for 2014, 1.seven-2. % for 2015, and one.nine-2. % for 2016. The projected yearly development in gross domestic item (GDP) for 2013 and 2014 was revised downward from the June projection, with the 2013 projection dropping to two.-two.three percent from two.3-two.six %, and the 2014 projection dropping to two.9-three.one percent from three.-three.five percent.
