BREAKING NEWS: FED ANNOUNCES LAST MINUTE INTEREST DECISION
The US Federal Reserve (Fed) has announced that it will keep interest rates unchanged, with the federal fund target range remaining between 4.25-4.50 percent. The decision was made unanimously by the Fed, reflecting the uncertainty surrounding the economic outlook.
In a statement released by the Fed, it was revealed that economic projections have been adjusted, with growth forecast for 2025 reduced from 2.1 percent to 1.7 percent. Additionally, core inflation expectations have increased from 2.5 percent to 2.8 percent.
The decision comes at a time when concerns about the impact of US President Donald Trump’s policies on the economy are growing. The recent implementation of new tariffs by the Trump administration, along with retaliatory measures from US trade partners, has led to a decrease in consumer confidence and heightened expectations among households for the future.
With the announcement of a postponement of some taxes shortly after the Fed’s decision, the outlook for the economy remains uncertain. It is unclear how the ongoing trade war will ultimately shape the economy, as officials continue to monitor the situation closely.
