Officials raise forecast for price growth, estimating that inflation will increase at average rate of 2.7% this yearOfficials at the US Federal Reserve cut their US economic growth forecasts and raised their projections for price growth as they kept interest rates on hold.“Uncertainty around the e conomic outlook has increased,” the central bank said in a statement, as Donald Trump’s controversial bid to overhaul the global economy with sweeping tariffs sparks concern over inflation and growth. Continue reading... ...read more read less