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Washington – Wednesday, the federal reserve continued the expectations of higher inflation and lower economic growth, and at the end of this year.
This week, the Federal Open Market Committee, the Federal Open Market Committee, which has no chance of any chance of the Central Bank, has been a ratio of a ratio aimed at an area between 4.25% -4.5% since December.
Along with the decision of the exchange rate, the committee, with the “Point Plot”, consisting of two cuts by the end of 2025, this is still on the table. However, both in a quarter or full percentage of a reduction for 2026 and 2027 to a quarter or full point of interest.
The plot showed that Fed officials are constantly constant on the future of prices. Each point represents the expectations for an officer’s prices. The Matrix had a wide collapse, a worldview that pointed out to the proportion of food full of enough in 2027.
Seven of 19 participants said they did not want any incision this year, they did not show up from four to four in March. However, the committee has unanimously confirmed the policy statement.
Economic forecasts from the meeting, participants pointed to more sustainable pressures with the participants who saw the growing general domestic product and 3% of inflation to the growing general domestic product in 2025.
GDP predictions down
Since the latest update in March, the forecasts have decreased 0.3 percent to GDP and the same amount of growth price index for individual consumption costs. Core PCE, which eliminates food and energy prices, is higher than 3.1%, 0.3 percentage points. Unemployment Outlook is a small adjustment to up to 4.5% or to 0.1 percent point, 0.3 percent point from the present level and 0.3 percent.
FOMC expression has changed less than the May meeting. Speaking, the economy has also grew “low” unemployment and “low” unemployment and “solid tempo” in “low” inflation.
Moreover, the committee showed less concern over the arrival of clouds on the economy and the White House Trade Policy.
“Uncertainty about the economic outlook has decreased, but remains high. The Committee is carefully in both sides of the dual mandate.”
Particle A press conferenceFederal Reserve Jerome powder It’s time to wait for the more clarity offered.
“We are well placed to wait for more information about the economy’s probability course before taking into account any adjustments to our policy,” Powell said.
US shares Earned the income after the announcement.
Trump pushes to reduce ratio
While The phrase of the fed Why did the president prepare why Ebbedi was ebbed Donald Trump Some firefighting rhetoric relieved and the white house is in the middle of the 90-day talk period on tariffs.
Trump’s right rhetoric to Fed did not soften.
Earlier Wednesday, the President set off to prevent Powell and his colleagues again. Trump, Fed Foundations’ ratio should be lower than at least 2 percent, and Fill the dust as “stupid” For not pushing the committee to cut.
Fed officials do not want to relocateThis year, this year is afraid that the tariffs applied this year can cause inflation in the coming months this year. Price dimensions have not shown that so far the tasks have affected. Consumer request and resources are delayed for the feedback of tariffs and the announcement of “Freedom Day” helped to break their effects.
This Conflict between Israel and Iran Adding another wild card to relate to Prospects for higher energy prices The potential addition of the Fed’s cut is an additional factor. The statement did not notice the impact of the Middle Eastern struggle.
The gradual softening economy can encourage cutting at the end of this year.
The latest labor market information shows that higher, long-term unemployment reptiles are spent less than creeping, long-term unemployment and consumers. In May, retail sales decreased by about 1% And the latest information reflected a cooling housing market, it starts to be hit the lowest in five years.
For Trump, the importance of lower rates is due to a high price, the government pays to finance $ 36 trillion.
The interest in debt exceeds a total of $ 1.2 trillion this year and except social security and drugs this year. Fed, last cut and treasury productivity in December has passed higher than the year, added additional pressure budget deficit probably more than 6% of $ 2 trillion or GDP.
Correction: The meeting participants expect a gross domestic product in 2025 to move 1.4% to PACE. The previous version of the story made the year a mistake.
