The U.S. Congressional Budget Office has lowered its forecast for the rise of the U.S. economy this year while raising its unemployment rate forecast.

Golden Finance reports that, considering the U.S. President Donald Trump's tax laws, tariffs, and a decrease in net immigration, the Congressional Budget Office (CBO) has revised its forecasts for inflation and unemployment in the U.S. this year, while lowering its expectations for economic growth. The economic forecast released by the agency on Friday shows that the U.S. economy is expected to rise by 1.4% in 2025, down from the January forecast of 1.9%. The inflation rate is expected to rise to 3.1%, nearly a percentage point higher than the previous forecast, based on the Fed's preferred inflation measure. The report also indicates that the U.S. unemployment rate is expected to reach a higher peak of 4.5% by the end of this year.