Stagflation? Fed sees higher inflation and an economy growing by less than 2% this year
Read more at CNBC
Topics
-
Fed sees higher inflation and slower U.S. economy due to uncertainty tied to Trump tariffs
Uncertainty spawned by President Trump’s tariffs prodded the Federal Reserve to predict a slower economy and higher inflation this year, complicating its decision on whether to cut interest rates ...MarketWatch - 53m -
Federal Reserve cuts US economic growth outlook amid Trump tariffs
Officials raise inflation forecast to 2.7% this year, as Fed chair Jerome Powell says uncertainty is ‘remarkably high’. Officials at the US Federal Reserve cut their US economic growth forecasts ...The Guardian - 2h -
Does the Fed Share the Stock Market’s Worry About the Economy?
So far, the Federal Reserve has avoided commenting on the increasingly uncertain outlook, but investors are waiting to see whether it changes its projections on Wednesday.The New York Times - 5h -
Trump tariffs complicate Fed outlook
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Fed sees inflation threat in Trump tariffs Federal Reserve Chair Jerome Powell ...The Hill - 1h -
Fed Holds Rates Steady and Predicts Higher Inflation, Slower Growth Ahead
The central bank penciled in two rate cuts for 2025, but President Trump’s sweeping agenda has injected “remarkably high” uncertainty into the outlook.The New York Times - 1h -
Powell acknowledges ‘uncertainty’ as Fed juggle growth and inflation risks
Bank’s latest projections show officials expect GDP to expand by 1.7 per cent this yearFinancial Times - 3h -
The Fed Sees Higher Inflation and Lower Growth
Also, Zelensky agreed to a limited cease-fire in a call with Trump. Here’s the latest at the end of Wednesday.The New York Times - 41m -
5 questions facing the Fed ahead of its rate decision
The Federal Reserve is expected to keep interest rates steady Wednesday despite growing concerns about the strength of the U.S. economy. Measures of economic confidence spanning consumers, ...The Hill - 12h -
'Transitory' is back as the Fed doesn't expect tariffs to have long-lasting inflation impacts
Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.CNBC - 1h
More from CNBC
-
Fed holds interest rates steady, still sees two cuts coming this year
The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year.CNBC - 1h -
DOGE doxx site maps 'Musk World' as Trump AG threatens Tesla vandals with federal charges
Tesla CEO Elon Musk spent hundreds of millions to help President Donald Trump win a second term. His electric vehicle maker is paying a price for that.CNBC - 1h -
'Transitory' is back as the Fed doesn't expect tariffs to have long-lasting inflation impacts
Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.CNBC - 1h -
FTC commissioner fired by Trump says her ouster should concern markets
Trump has worked to overhaul the government by pushing out federal officials and drastically downsizing agencies through the Elon Musk-led DOGE.CNBC - 4h -
Nvidia's Huang says faster chips are the best way to reduce AI costs
"Speed is the best cost-reduction system," Huang said Tuesday, after his keynote speech at Nvidia's GTC conference.CNBC - 1h
More in Business
-
Trump meets oil executives as fossil fuel industry lobbies White House to slash regulation
President Donald Trump has ditched the Biden administration's climate commitments and wants to boost fossil fuel production.CNBC - 12m -
Stocks see best ‘Fed day’ rally since July, thanks to a ‘nonchalant’ Powell performance
Federal Reserve Chair Jerome Powell’s nuanced take on the economic outlook helped lift stocks on Wednesday.MarketWatch - 21m -
Ben & Jerry’s Accuses Unilever of Firing Its C.E.O. for Political Reasons
Ben & Jerry’s said in a court filing that its parent company had ousted its chief executive, David Stever, without approval from the ice cream maker’s board.The New York Times - 43m -
Fed sees higher inflation and slower U.S. economy due to uncertainty tied to Trump tariffs
Uncertainty spawned by President Trump’s tariffs prodded the Federal Reserve to predict a slower economy and higher inflation this year, complicating its decision on whether to cut interest rates ...MarketWatch - 53m -
US could take over Ukrainian nuclear power plants, Trump tells Zelenskyy
White House says deal would offer ‘the best protection’ for the country’s infrastructureFinancial Times - 57m