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Slow Growth and Rising Unemployment: CBO's Economic Outlook

9/24/2025

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Summary

Story summary

CBO's 2025-2028 projections show growth lagging the Federal Reserve and Office of Management and Budget, with GDP at 1.4% in 2025, 2.2% in 2026.
Unemployment rises from 4.3% to 4.5% by 2025, then 4.2% in 2026, linked to One Big Beautiful Bill (OBBB).
CPI inflation rises from 2.7% in 2024 to 3.1% in 2025, then declines to 2.2% by 2028.

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Story summary

CBO's 2025-2028 projections show growth lagging the Federal Reserve and Office of Management and Budget, with GDP at 1.4% in 2025, 2.2% in 2026.
Unemployment rises from 4.3% to 4.5% by 2025, then 4.2% in 2026, linked to One Big Beautiful Bill (OBBB).
CPI inflation rises from 2.7% in 2024 to 3.1% in 2025, then declines to 2.2% by 2028.