The US Federal Reserve has slashed its forecast for growth in the United States and upped its expectation for unemployment next year.
Despite this, the Fed voted to keep interest rates on hold and maintain its bond-buying programmes. The decision was expected.
The economy is expected to grow only 1.6%-1.7% this year and 2.5%-2.9% next - about one percentage point lower than previous estimates.
The jobless rate is expected to stay at 9.1% this year.
The Fed anticipates unemployment falling only to 8.5%-8.7% next year. It previously predicted a fall to 7.8%.
The committee voted 9-1 in favour of the statement.
The BBC reports that Charles Evans of the Chicago Federal Reserve Bank voted against because he wanted the Fed to take further action to boost the economy.
The Fed has kept its overnight interest rate within a target range of 0% - 0.25% since December 2008 and repeated its promise to continue doing so until mid-2013.
The Fed's next meeting is in December.
