• 2011 GDP seen at 2.7/2.9%, down from 3.1, 3.3% earlier
  • Unemployment rate seen at 8.6/8.9% from 7.8/8.2% previously
  • Core PCE revised up to 1.5/1.8% from 1.3-1.6% previously

Slower growth but firmer inflation is the takeaway, just as it was in the FOMC statement.