WASHINGTON — Federal Reserve policy makers, more confident about the economic recovery, on Wednesday maintained their current pace of monetary stimulus.
Fed officials also predicted in their latest economic forecast, released Wednesday, that the unemployment rate will decline more quickly than they had previously expected, sitting between 6.5 percent and 6.8 percent at the end of 2014. They had predicted in March that the rate would sit between 6.7 percent and 7 percent.
Officials predicted that the annual pace of inflation would rebound next year, rising closer to the 2 percent rate that the Fed considers healthy.
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