Economy's projected growth for 2025 increased by the Federal Reserve in the United States
The United States Federal Reserve (Fed), the country's central bank, has announced a revision to its economic outlook, showing a bit more hopefulness compared to June. Despite this upward revision, the Fed's expectation for inflation remains unchanged at 3.0%.
In a statement made in Washington, Jerome Powell, the Fed chairman, revealed that the Fed now expects a 1.6% increase in economic growth this year, a significant upgrade from the previous forecast of 1.4%. However, the inflation rate of 3.0% remains consistent with the revised economic outlook.
The Fed's revised economic outlook does not include a change in the expected inflation rate for this year. This means that the predicted inflation rate, as well as the Federal Reserve's expectation for inflation, both remain at 3.0%.
The stability of the predicted inflation rate at 3.0% is not affected by the change in the Fed's economic outlook. The Fed's revised economic outlook was announced in Washington, and the inflation rate predicted by the Fed for this year remains at 3.0%, as announced in the recent period.
The change in the Fed's economic outlook occurred in the recent period, with the Fed now showing a higher level of optimism regarding the economic development for the year. Despite this upward revision in the Fed's economic outlook, the Fed still expects an inflation rate of 3.0%.
This revision in the Fed's economic outlook marks a shift from the more pessimistic outlook in June. It's important to note that the Fed's revised economic outlook is higher than the previous one, indicating a more positive outlook for the US economy this year. However, the Fed's prediction for inflation this year remains unchanged at 3.0%.
