The central bank's new economic projections spurred talk of stagflation risk even as it pointed to two rate cuts in the back half of 2025.

Respondents continue to forecast weaker growth and higher inflation than they did at the beginning of the year.

Faced with a blurry forecast for the U.S. economy, the Federal continued its pattern of keeping interest rates at their current levels.

The Federal Reserve’s quarterly projection included lower growth, higher inflation, and maintained its previous expectation of two interest rate cuts.

The central bank's new economic projections spurred talk of stagflation risk even as it pointed to two rate cuts in the back half of 2025.