Fed Predicts Trump's Economic Impact
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inflation fearsReuters
•Business
Business & Economics
Fed officials prepare to lay down marker on impact of Trump policies
80% Informative
Top forecasters have marked down their expectations for growth this year , upped the perceived risk of recession, and anticipate higher inflation.
The Fed is expected to hold its benchmark interest rate steady in the 4.25-4.50% range at the end of its two-day policy meeting on Wednesday .
"A 'soft landing' is still likely" with the economy continuing to grow and inflation ebbing down to the Fed 's 2% target.
S&P Global Ratings put the risk of a recession over the next 12 months at 25% , twice the norm.
Economists in a recent Reuters poll were nearly unanimous in saying that the risks of a downturn have risen.
That may not be immediately apparent in the new Summary of Economic Projections that the Fed will release on Wednesday .
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