Unchanged for a second consecutive meeting in the range of 4.25% -4.50%, Federal Reserve held on Wednesday, after the completion of the two-day meeting of the Federal Committee of Open Market (FOMC), with the co-ordinators of the monetary policy, however. demonstrating the uncertainty over the impact of Donald Trump’s policies on the real economy and how the US Federal Bank should react.

Most of them, officials of the Central Bank continue to see two interest rates of 25 basis points each later this year, as in their previous prediction in three months, although they are awaiting the economy and higher inflation.

Specifically, nine of the 19 members of the Federal Open Market Committee estimate that Fed interest rates will be in the range of 3.75% -4.00% by the end of the year. Three believe that the US Federal Bank should make three reductions, while four appear more sparingly and consider a reduction more appropriate. Finally, four FOMC members believe that the central bank should not further reduce its interest rates this year.

At the same time, by the end of 2026 they estimate that there will be further reduction of interest rates by 50 basis points.

However, whether these forecasts are finally implemented, as FED policymakers point out in their announcement that uncertainty remains too high, as imports from Canada, Mexico and China imposed by Donald Trump and Donald Trump has been imposed by Donald Trump. In the short term, although it is not clear whether this increase will eventually translate into persistently higher inflation.

Fed officials, however, said they were ready to adjust interest rates based on the overall impact that Trump’s policies will have on the real economy, which also include cuts in federal spending and taxes as well as deregulation and immigration controls.

Policies that have triggered fears of slowing down the US economy and possibly new inflation growth and have powered a wave of investors’ aversion to stock market values ​​in recent weeks.

Federal Bank officials expect that inflation, based on the Fed preferred index, will stand at 2.8% at the end of this year, instead of 2.5% estimated in December, before receiving close to 2% and in particular at 2.2% in the next year.

At the same time, they expect a milder growth of the economy by 1.7% this year, instead of the 2.1% expected in December, and slightly higher unemployment at 4.4% versus 4.3% who expected three months ago.