The revised economic projections were also a mixed bag for traders. The shorter-term revisions were favorable for bonds and mortgage rates because they were revised lower than previous estimates. They now feel the economy will grow at an annual rate of 5.9% this year, down from the 7.0% estimate they made in June. However, next year’s growth rate went from 3.3% to 3.8%. Their prediction for the unemployment rate at the end of this year now stands at 4.8%, up from June’s prediction of 4.5%.