Fed did it! (Part 2)

Economic forecasts

The Fed also released their economic forecasts for the next three years.
The controller assumes that the federal funds rate could rise to 1.375% in the next year; to 2.1% in 2018; and to 2.9% in 2019.
Current average rate is at around 0.625% after raising rates by 25 basis points range to 0.5-0.75%. Thus, the Fed raised their expectations for interest rates and the number of their increase in 2017. The Fed now plans next year to increase the rate three times, by 25 basis points for each increase, while in September, the regulator wanted to raise the rate in 2017 only twice.
The US currency has responded to this sharp rise. By 21.20 GMT the dollar rose by 0.8% against the euro to 1.0530. The dollar index rose by 0.9% to 102.05.
Fed expects the growth of GDP to be 2.1% next year and will remain at approximately the same level until 2019.
The unemployment rate will fall to 4.5% in the period from 2017 to 2019., according to Fed's forecast. Inflation will rise to 1.9% next year and will remain at this level over the next two years.