WASHINGTON—Federal Reserve officials said Wednesday they now expect the economy to grow more slowly this year—and over the longer run as well—as they continued to cut back on their expected pace of future rate increases. In forecasts released as part of the central bank’s interest-rate setting Federal Open Market Committee, officials cut their growth forecast for this year to 1.8%, from 2.0% in June, and held steady their view for...

Source: Wall Street Journal September 21, 2016 18:06 UTC