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Fed Holds Rates Steady and Predicts Higher Inflation, Slower Growth Ahead The New York TimesFed holds interest rates steady, still sees two cuts coming this year CNBCFed Dims Economic Outlook, Citing Uncertainty Over Tariffs The Wall Street JournalFederal Reserve Chair Powell Holds News Conference C-SPAN Federal Reserve Board and Federal Open Market C
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Federal Reserve cuts US growth forecast as Trump tariff fears grow BBC.comThe Fed holds interest rates steady but cuts economic growth forecasts because of tariffs CNNFed Decision: Powell Downplays Growing Risks, Sees Tariff Impact as Transitory BloombergFederal Reserve sees tariffs raising inflation this year, keeps key rate unchanged The Associated Press
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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.
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China has set out its target for economic growth this year: around 5 percent. That's a hefty goal for a nation coming off a painful real estate slump. But leaders have their eyes set on other industries to help its economy grow. Today, we dig into the headwinds and tailwinds facing China's economy.
Related episodes:
The mess at the heart of China's economy (Apple / Spotify)
The race to produce lithium (Apple / Spotify)
What's really happening with the Evergrande liquidation (Apple / Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money via Apple Podcasts or at plus.npr.org.
Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
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