The US Federal Reserve has slashed its forecasts for economic growth over the next two years and hiked inflation expectations in a fresh blow to Donald Trump. On Wednesday, expectations for US GDP growth this year were slashed from 1.7pc to 1.4pc, and from 1.8pc to 1.6pc in 2026, versus the central bank's March projections. Inflation will also rise to 3pc this year, up from the March forecast of 2.7pc.
Don't worry, everything is just fine in fantasyland.
Trump: We got some gas stations where a few weeks ago it was $1.98.. we got the gas down low. pic.twitter.com/hCVvXyldgk" Acyn (@Acyn) June 18, 2025
CEO economic outlook sinks to five-year low
www.axios.com
... Economic sentiment among America's top CEOs plunged to the lowest level since 2020, according to a new survey by the Business Roundtable, first seen by Axios.
Why it matters: Chief executives have not been this sour on the economy since the once-in-a-century pandemic, with significant downgrading expectations for hiring, investment and sales growth.
By the numbers: The Business Roundtable's CEO Economic Outlook Index fell by 15 points to 69, a drop that brings the index well below its historical average of 83. It remains above the level that signals an economic recession. ...
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