In conjunction with the meeting of the Federal Open Market Committee FOMC, the participants in the meeting presented their expectations for the coming period for the US economy, as the GDP growth expectations for the US economy came down by about 5.9% this year, compared to 7% in the June forecast, while it is expected to rise to 3.8% in the year Next, from 3.35 F forecast in June to 2.5% in 2023.

Inflation expectations also rose to 4.2% this year, compared to 3.4% in June estimates, and to rise to 2.2% next year.

With regard to unemployment rates, the committee raised its unemployment forecast for the current year to 4.8% from 4.5%, while maintaining expectations for next year at 3.8% and for the year 2023 at 3.5%.

With regard to the committee’s expectations of interest rates, half of the Fed members expect interest rates to rise in the next year 2022.