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Powell says soft-landing not baseline, but it’s sure in the forecast
They expect economic growth to slow next year to about 1.5%, from 2.1% this year, and for the unemployment rate to go no higher than 4.1%, the latest quarterly summary of their projections shows. That's just a smidge higher than the 4% level they see as sustainable in the long-run, and only a few tenths more than its current 3.8% level.