<\/p>\n
The US Federal Reserve, in its meeting that concluded moments ago, decided by a majority vote of its 12 members to keep interest rates unchanged at 3.75%, as expected, for the sixth consecutive meeting and in the first meeting under Chairman Kevin Warsh. The committee reiterated its commitment to maintaining price stability.<\/p>\n
The Fed members lowered their economic growth forecast for this year, now projecting growth at 2.2% from 2.4% in the March forecast, and at 2.3% next year, unchanged from the March forecast of 2.0%. They raised their 2028 growth forecast to 2.2% from 2.1%.<\/p>\n
The Federal Reserve’s preferred inflation gauge, the PCE (Public Expenditures) index, has been revised upwards. Fed members now expect the index to reach 3.6% this year, up from 2.7% in the March estimate. The forecast for next year has been raised to 2.3% from 2.2%, while the 2028 forecast remains unchanged at 2.0%. Core inflation forecasts have also been revised upwards, reaching 3.3% this year (up from 2.7%), 2.5% next year, and 2.1% in 2028.<\/p>\n
The DETROIT report also shows a shift in expectations, with nine Fed members now anticipating one interest rate hike by the end of 2026.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
The US Federal Reserve, in its meeting that concluded moments ago, decided by a majority vote of its 12 members to keep interest rates unchanged at 3.75%, as expected, for the sixth consecutive meeting and in the first meeting under Chairman Kevin Warsh. The committee reiterated its commitment to maintaining price stability. The Fed members […]<\/p>\n","protected":false},"author":1,"featured_media":3254,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-9328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currency-markets"],"acf":[],"yoast_head":"\n