On the other hand, he has announced that he maintains the interest rates in his current reach of 4.25 % to 4.5 %.
The United States Federal Reserve (FED) reduced its projection of economic growth by 2025 to Wednesday, a four tenth decrease compared to the 2.1 % planned in December.
The FED also anticipated a lower growth by 2026 and 2027 by pointing out that next year the gross domestic product (GDP) will increase by 1.8 % (two tenths less than the initially calculated) and the same figure the following (one tenth less).
Moreover, unemployment will be 4.4 % this year and 4.3 % in 2026 and 2027.
On the other hand, inflation will be higher according to the dominant opinion in the Federal Reserve, which has placed the cost price index in personal consumption (which has the methodology that the FED has to measure prices) in 2.7 % for this year, two tenths more than in December.
In 2026, inflation will delay 2.2 % and 2027 to 2 %.
Also this Wednesday, at the end of the two -day meeting of its Federal Open Market Committee (FOMC), the Fed announced that it is successfully maintaining this year for the second time this year in its current reach of 4.25 % to 4.5 %.
The president of the Federal Reserve, Jerome Powell, estimated that the president, Donald Trump of President Donald Trump, exerts upward pressure on the expectations of inflation and the goal can delay to lower it, although he believes that this final delay is temporary.
He also admitted that, although the uncertainty is high around the economic situation, his body is not in a hurry in reducing interest rates.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
