FOMC Shifts GDP Outlook Since March, Views on Uncertainty and Risks Now More Balanced

According to the Federal Reserve's economic projections released in June, FOMC participants' assessments of risks to real GDP have shifted since March. The number of participants seeing uncertainty as roughly balanced now matches those viewing it as elevated, compared with a March consensus that leaned toward elevated uncertainty. Additionally, the Committee's risk assessment has moved to a roughly balanced outlook, reversing the downside tilt seen in the previous projection.
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