Officials in American federal reserve Reducing economic growth forecasts in the United States and raised their price growth expectations because they kept interest rates while waiting Donald Trump Tenders to reform the global economy with Comprehensive definitions.
The central bank’s policy makers expect inflation to increase with an average rate of 2.7 % this year, according to the expectations issued on Wednesday, with an increase of a previous estimate by 2.5 %.
They expect the US GDP (GDP) – a wide measure of economic health – will increase by 1.7 % this year, a decrease from 2.1 % estimate in December.
“The uncertainty about economic expectations has increased,” the Federal Reserve Bank said in a statement.
Federal reserve officials maintained record attention between 4.25 % to 4.5 % after their last two days. The “point plot” that was closely seen, which shows the policy makers’ predictions of the price track, indicated that they may cut it twice throughout this year.
The Bank of England is expected to announce on Thursday that it will keep the UK prices suspended by 4.5 %.
Trump, who returned to the White House in January after he promised to reduce the prices of millions of Americans quickly, gathered companies and investors in the United States and around the world with an aggressive tariff strategy.
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Many Economists warn the Trump administration plans to impose or increase American definitions on goods of risk increase prices abroad.
However, the President insisted that hitting commercial partners and economic competitors with these duties would help him to balance the global theater for America – and collect funds for the US federal government.
The Federal Reserve targets an inflation rate of 2 %. While price growth has decreased significantly since its peak at 9.1 % – the highest level in one generation – three years ago, it has not been less than the central bank’s goal.
Wall Street increased shortly after the Federal Reserve Declaration, as the standard S&P 500 index increased by 0.8 % and the technology -focused compound increased by 1.2 % in the afternoon in New York.
