The rate-setting Federal Open Market Committee downgraded its collective outlook for economic growth to 1.7%, down from the last projection of 2.1% in December.
Related Posts
Bank stocks pop after Fed releases ‘easier’ 2025 stress test, plans to make exam more predictable
The stress test changes bolster the case made by Wall Street analysts that U.S. banks will face a friendlier regulatory regime under the Trump administration.
Bitcoin surges to $75,000, a new record, as traders bet Trump has election edge
Crypto assets rose as investors monitored the results of the U.S. presidential election.
China reports better-than-expected retail sales and industrial production data
The data comes after a flurry of recent announcements from authorities as Beijing seeks to boost consumption and support its flagging real estate sector.