An Update to the Economic Outlook: 2023 to 2025

Congressional Budget Office

No 59258, Reports from Congressional Budget Office

Abstract: In CBO’s latest projections, economic growth slows and then picks up over the 2023–2025 period. That initial slowdown in economic growth drives up unemployment. Inflation continues to gradually decline. The Federal Reserve increases the target range for the federal funds rate in mid-2023 and begins reducing that target range in the first half of 2024, as inflation continues to cool.

JEL-codes: E20 E23 E60 E62 E66 (search for similar items in EconPapers)
Date: 2023-07-26
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