Fed predicts higher inflation, slower growth for US economy

Higher inflation, slower economic growth: What the Fed expects in the months ahead

The Federal Reserve kept its forecast for two rate cuts this year amid Trump's tariffs, which are expected to push up inflation and slow the economy

Fed predicts higher inflation, slower growth for US economy

The Federal Reserve downgraded its projections for U.S. economic performance this year, along with several primary economic indicators. The U.S. central bank sees lower economic growth, higher unemployment and higher prices amid major changes in U.S. trade policy and worsening geopolitical tensions. U.S. gross domestic product (GDP) growth for 2025 was pulled down to a…

Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025. At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher. Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dia…

Stagflation anyone? And how are we supposed to know?

The economy looked like it was picking up, now it looks like maybe it isn't, but inflation definitely is picking up. What do we do? And where is our timely economic data?

Gold price edges higher on Fed's inflation warning

Last night, the gold price rebounded after Federal Reserve Chairman Jerome Powell warned of inflation risks for the US economy. Gold traded at around US$3,380 an ounce, after declining 0.6% the previous day. What did the Fed say? Last night, the US Fed opted to keep interest rates steady, holding them at their target of 4.25% to 4.5%.  Federal Reserve policymakers released their first economic forecasts since President Trump unveiled his sweepin…