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Federal Reserve predicts slow recovery with unemployment at 9.3 percent by end of 2020

Federal Reserve predicts slow recovery with unemployment at 9.3 percent by end of 2020

June 11, 2020

WASHINGTON - Federal Reserve leaders predict a slow recovery for the U.S. economy, with unemployment falling to 9.3 percent by the end of this year and to 6.5 percent by the end of 2021, after tens of millions of Americans lost their jobs in the stunning recession caused by the outbreak of the novel coronavirus.

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