BREAKING: The Fed makes multiple revisions to their 2025 economic data projections. 1. Cuts 2025 GDP growth projection from 2.1% to 1.7% 2. Raises unemployment forecast from 4.3% to 4.4% 3. Raises PCE inflation forecast from 2.5% to 2.7% 4. Raises Core PCE inflation forecast from 2.5% to 2.8% The Fed sees higher inflation and a weaker economy.