Fed sees hardy economy and low unemployment prolonging high inflation

The U.S. is on track to grow faster this year than the Federal Reserve previously forecast and maintain a low unemployment rate, leaving inflation disappointingly high and likely leading to more interest-rate increases this year.

That’s the message delivered by the Fed in its latest quarterly forecast for the economy. The central bank rejiggered its outlook after a pivotal meeting at which senior officials voted to leave a key U.S. interest rate unchanged for now.

Yet…