The U.S. Federal Reserve has decided not to cut interest rates this week, citing sticky inflation and a slowing economy. In a closely watched move, the Fed lowered its 2025 economic growth forecast to 1.4%, raising concerns about a potential economic slowdown later this year.
While rate cuts are still possible in late 2025, at least seven top officials now say they may not support any cuts unless inflation cools more quickly.
At the same time, major tech giants including Microsoft, Amazon, Meta, and Google are urging Congress to block state level AI laws and instead push a single national policy. They argue fragmented AI rules could cripple innovation in the U.S.
“This isn’t just about inflation anymore. It’s about the entire future of U.S. economic power,” one analyst said.
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