CoinVoice latest reports that A Reserva Federal (FED) officials stated in the May policy statement that the GDP subiu to negative values in the first quarter. Nevertheless, the Federal Open Market Committee still believes that the underlying economy is strong. They observed that the significant flutuação in trade statistics was the main reason for the GDP's contraction in the first quarter, as imports soared before the new tariffs. "Although the flutuação in net exports affected the data, recent indicators suggest that economic activity continues to expand at a robust pace," the statement said. However, in the new language of this month's policy statement, officials also acknowledged that "the risks of rising unemployment and inflation have intensified."
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CoinVoice latest reports that A Reserva Federal (FED) officials stated in the May policy statement that the GDP subiu to negative values in the first quarter. Nevertheless, the Federal Open Market Committee still believes that the underlying economy is strong. They observed that the significant flutuação in trade statistics was the main reason for the GDP's contraction in the first quarter, as imports soared before the new tariffs. "Although the flutuação in net exports affected the data, recent indicators suggest that economic activity continues to expand at a robust pace," the statement said. However, in the new language of this month's policy statement, officials also acknowledged that "the risks of rising unemployment and inflation have intensified."