The Federal Reserve has maintained interest rates for the fourth consecutive meeting, projecting weaker growth and rising inflation this year. Despite this, they anticipate two rate cuts later in 2023 as they navigate economic uncertainty.
In a surprising move, the Federal Reserve maintains steady interest rates while hinting at potential cuts later this year. With inflation concerns, economic growth predictions are revised downward, and President Trump calls for action.
In a dramatic escalation of the trade war, China has raised tariffs on U.S. goods to 125%, marking a significant retaliation against Trump's policies. As negotiations fade, the economic implications could be severe.
