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CBO lowers economic growth projections on higher interest rates

By Zach Halaschak
Published December 15, 2023 4:00pm ET
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CBO lowers economic growth projections on higher interest rates
The Congressional Budget Office said it expects economic growth to slow next year and unemployment to rise in updated economic projections released Friday. The nonpartisan group of congressional budget analysts predicts that the Federal Reserve will be successful in its mission to drive down inflation, but with economic costs. While gross domestic product growth will […]

The Congressional Budget Office said it expects economic growth to slow next year and unemployment to rise in updated economic projections released Friday.

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Congressional Budget Office Federal Reserve GDP Inflation Recession