Market watch: A man jogs past the Fed building in Washington. Officials downgraded their estimates for economic growth in 2025 and lifted their forecast for unemployment slightly. — AFP
WASHINGTON: There are a lot of unknowns about the outlook for the economy and interest rates, but Federal Reserve (Fed) Chair Jerome Powell signalled at least one thing seems certain: higher prices are coming.
Policymakers voted unanimously to hold interest rates steady for a fourth straight meeting Wednesday as they await clarity on whether tariffs will leave a one-time or more lasting mark on inflation.
