WASHINGTON — Federal Reserve officials lowered their GDP and other projections “modestly” due to financial conditions, but not enough to warrant further policy accommodation, according to the Federal Open Market Committee meeting minutes released Wednesday.

Members cut their GDP projections to a range of 3.0% to 3.5% for 2010, down from a range of 3.2% to 3.7% at the June 22-23 meeting. Their unemployment forecast was revised upward to 9.2% to 9.5% for 2010 from the April range of 9.1% to 9.5%. Estimates for core personal consumption expenditures were revised downward to 0.8% to 1.0%, from 0.9% to 1.2%.

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