Fed Ups Inflation Forecast And Expects Less Economic Growth, Citing ‘Uncertainty'
1. Fed retains federal funds rate at 4.25%-4.5%, uncertainty persists. 2. GDP growth forecast lowered to 1.7% for 2025, inflation expectations rise. 3. Fed signals possible future rate cuts despite tariff-induced inflation risks. 4. Import tariffs complicate economic outlook but rate cuts might still occur. 5. Unemployment projected to rise slightly to 4.4% by end of 2025.