久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

US Fed raises rates for third time this year despite trade concerns

Xinhua | Updated: 2018-09-27 02:16
Share
Share - WeChat

WASHINGTON - The US Federal Reserve on Wednesday raised short-term interest rates for the third time this year despite concerns over the rising trade tensions between the United States and its trading partners.

"In view of realized and expected labor market conditions and inflation, the (Federal Open Market) Committee decided to raise the target range for the federal funds rate to 2 to 2-1/4 percent," the central bank said in a statement after concluding a two-day meeting.

The Fed said the US labor market has "continued to strengthen" and economic activity has been "rising at a strong rate", with household spending and business fixed investment growing "strongly".

The central bank expected the US economy to grow at 3.1 percent this year, higher than 2.8 percent estimated in June, according to the Fed's latest economic projections released on Wednesday.

Solid economic growth and falling unemployment rate are likely to keep the Fed on a steady path toward tightening monetary policy to prevent the US economy from overheating, analysts said.

The central bank on Wednesday also dropped the phrase that "the stance of monetary policy remains accommodative" from the statement. But Fed Chairman Jerome Powell played down the significance of this change.

"This does not signal any change in the likely path of policy. Instead, it is a sign that policy is proceeding in line with our expectations," Powell said Wednesday at a press conference.

"We still expect, as our statement says, further gradual increases in the target range for the fed funds rate," he said.

Fed officials envisioned one more rate hike this year, according to the median forecast for the federal funds rate. Most market participants estimated that the central bank would raise rates again at its December policy meeting.

While striking an upbeat tone about overall US economic growth, Powell also acknowledged the trade concerns among American businesses.

"We've been hearing a rising chorus of concerns from businesses all over the country about disruption of supply chains, materials cost increases," he said, adding Fed officials worried about the loss of business confidence and the possibility of a financial market reaction to unexpected trade developments.

Under the "America First" protectionist policies, the Trump administration has imposed high tariffs on a variety of imported products worth of hundreds of billions of US dollars, provoking strong opposition from the domestic business community and retaliatory measures from US trading partners.

"I think if this, perhaps inadvertently, goes to a place where we have widespread tariffs that remain in place for a long time, a more protectionist world, that's going to be bad for the United States' economy, and for American workers and families, and also for other economies," Powell said.

Wednesday's announcement marked the Fed's eighth rate hike of this tightening cycle beginning December 2015 and the third move under Powell, who took the helm of the central bank in February.

The rate hike also came after US President Donald Trump recently complained that he was "not thrilled" by the Fed's tightening policy.

While nominated by Trump to head the central bank, Powell promised that the Fed would remain politically independent.

"We consider the best thinking, the best theory, and the best evidence... we don't consider political factors or things like that," he said.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产一区二区成人 | 成人精品一区二区三区 | 国产美女又黄又爽又色视频免费 | 国产亚洲午夜精品a一区二区 | 一级作爱视频免费观看 | 香蕉毛片 | 亚洲精品国产第一区第二区国 | 国产年成美女网站视频免费看 | 国产性生交xxxxx免费 | 亚洲大片 | 亚洲wwww| 免费黄色成人 | 国产高清毛片 | 久久精品免费观看国产软件 | a毛片成人免费全部播放 | 久久亚洲综合 | 亚洲国产精久久久久久久 | 午夜在线亚洲男人午在线 | 国产成人精品视频一区 | 狠狠色丁香久久婷婷综合_中 | 一级毛片在线播放 | 岛国大片在线播放免费 | 一本色道久久88综合亚洲精品高清 | 欧美黄网站免费观看 | 99国产在线播放 | 欧洲美女与男人做爰 | 久久国产成人福利播放 | 国产一级黄色网 | 久久精品在线免费观看 | 一级片www | 国产精品李雅在线观看 | 一个人的视频日本免费 | a一级毛片免费高清在线 | 爽爽爽爽爽爽爽成人免费观看 | 97se狠狠狠狠狠亚洲综合网 | 国产成人女人视频在线观看 | 久久精品国产亚洲综合色 | 精品小视频在线观看 | 国产一级一级 | 特级a欧美孕妇做爰片毛片 特级a欧美做爰片毛片 | 精品国产一二三区在线影院 |