'Transitory' is back as the Fed doesn't expect tariffs to have long-lasting inflation impacts
Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.
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Federal Reserve Sees Tariffs Raising Inflation This Year
The Federal Reserve now expects the economy to grow more slowly this year and next than it did three months ago, according to a set of quarterly economic projections also released Wednesday.
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Fed Leaves Rate Unchanged, Projects 2 Cuts in 2025
U.S. central bankers Wednesday signaled they are likely to deliver two quarter-point interest-rate cuts later this year, the same median forecast as three months ago, even as they forecast slower economic growth and higher inflation.
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Migrants Help Widen California's Medicaid Funding Gap to $6.2B
California faces a $6.2 billion budget gap in the state's Medicaid services, which could force Democrat Gov. Gavin Newsom and Democrat lawmakers to reevaluate future coverage for some of the 15 million people who receive healthcare through the program, including...
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BofA CEO: Economic Growth 'Better Than People Think'
Bank of America CEO Brian Moynihan said Wednesday despite recent surveys showing consumer confidence eroding, Americans are continuing to spend, the U.S. economy is strong, and growth will be solid, albeit slower, this year.
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Bank of America's CEO says economic growth is 'better than people think' and the Fed should stay on hold
The Bank of America CEO said Wednesday that consumers are continuing to spend and growth should be solid though slower this year
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