Wu Shuo learned that the Federal Reserve released the minutes of its May monetary policy meeting, and its staff lowered their expectations for real GDP growth in 2025 and 2026, believing that the announced trade policy would pose a greater drag on the economy, suppress productivity, and lead to a slowdown in potential output growth. The unemployment rate is expected to rise above the natural unemployment rate within the year and continue until 2027. Affected by tariffs, inflation expectations have been raised and are expected to fall back to 2% by 2027. The staff believes that the likelihood of the US economy falling into recession is almost equivalent to the baseline scenario, and inflation risks are still on the rise in the medium term. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43156