The Fed has downgraded its forecast for US GDP growth in 2022 to 1.7%

This is stated in the message on the website of the Fed.

It is noted that the forecast for the unemployment rate increased to 3.7 from 3.5%.

Inflation forecast raised to 5.2 from 4.3%.

Also, the US Federal Reserve raised the base interest rate to 1.5-1.75% per annum - immediately by 0.75 percentage points for the first time since 1994.