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Other details launched on Wednesday display that the Fed’s expansion of the monetary supply is not having their preferred impact of increasing costs at a price of 2 percent for each year, with their newest projections predicting increases of 1.2-1.3 % for 2013, one.five-one.7 percent for 2014, 1.seven-2. percent for 2015, and one.9-two. % 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 2.-two.three % from 2.three-2.six percent, and the 2014 projection dropping to 2.nine-3.one percent from 3.-3.five %.
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