
US Economy Faces Pessimism as Tariffs Drive Up Costs, Says Fed
The US Federal Reserve reports a cautious economic outlook as tariffs raise costs and uncertainty grows, potentially leading to higher consumer prices and impacting employment decisions.
News for people and friends

The US Federal Reserve reports a cautious economic outlook as tariffs raise costs and uncertainty grows, potentially leading to higher consumer prices and impacting employment decisions.

Amid growing global uncertainties, the U.S. Federal Reserve has decided to keep its key interest rate unchanged, citing concerns over potential inflation due to trade tensions and Middle East conflicts.

China cuts its loan prime rates for the first time since October, lowering borrowing costs to boost market confidence.

The U.S. Federal Reserve kept its main interest rate unchanged at up to 4.5% on May 7, citing the need for greater clarity on the economy’s direction before making changes.

The European Central Bank has cut interest rates by 0.25 percentage points to address slowing growth and rising trade tensions affecting the eurozone economy.

South Korea’s central bank keeps its key interest rate unchanged at 2.75% to support economic stability amid global uncertainties.

China is shifting to a moderately accommodative monetary policy to boost economic growth, support businesses, and align with global trends, providing sustained momentum for its economy.

China’s central bank governor Pan Gongsheng announces potential cuts to interest rates and reserve requirement ratios this year to stimulate economic growth.

The Reserve Bank of Australia has cut the cash rate by 25 basis points to 4.1%, marking its first rate cut since November 2020. The bank remains cautious about further easing due to upside risks.

Tariffs disrupting the US supply chain could lead to inflation and higher interest rates, negatively impacting the US IPO market, warns MarcumAsia co-chairman Drew Bernstein.