"/>

          U.S. Fed reiterates gradual rate hikes

          Source: Xinhua    2018-07-14 06:41:51

          WASHINGTON, July 13 (Xinhua) -- The U.S. Federal Reserve on Friday reiterated that the central bank will stick to gradual rate hikes on the expectation of continuous economic expansion.

          "The FOMC (Federal Open Market Committee) expects that further gradual increases in the target range for the federal funds rate will be consistent with a sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective over the medium term," the Fed said in its semi-annual monetary policy report to U.S. Congress.

          U.S. economic activity increased "at a solid pace" over the first half of this year, as the labor market "has continued to strengthen" and inflation "has moved up", according to the report.

          "In this economic environment, the Committee judged that current and prospective economic conditions called for a further gradual removal of monetary policy accommodation," the report said.

          The Fed last month raised its target range for the benchmark federal funds rate for the second time this year, and penciled in two more rate hikes in the second half of the year.

          The report came before Fed Chairman Jerome Powell is scheduled to testify on the monetary policy for two days next week.

          In a radio interview with Marketplace on Thursday, Powell said the U.S. economy was in a "really good place," but warning the Trump administration's high tariffs against imports could be "a negative" for the U.S. economy.

          Fed officials are "hearing a rising level of concern" from U.S. businesses about the impact of the Trump administration's tariffs, he said.

          According to a survey released by the University of Michigan on Friday, U.S. consumer sentiment at the beginning of July also dropped to a six-month low due to tariff concerns.

          "The darkening cloud on the horizon, however, is due to rising concerns about the potential negative impact of tariffs on the domestic economy," Richard Curtin, chief economist of the survey, said in a statement.

          Editor: Mu Xuequan
          Related News
          Xinhuanet

          U.S. Fed reiterates gradual rate hikes

          Source: Xinhua 2018-07-14 06:41:51

          WASHINGTON, July 13 (Xinhua) -- The U.S. Federal Reserve on Friday reiterated that the central bank will stick to gradual rate hikes on the expectation of continuous economic expansion.

          "The FOMC (Federal Open Market Committee) expects that further gradual increases in the target range for the federal funds rate will be consistent with a sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective over the medium term," the Fed said in its semi-annual monetary policy report to U.S. Congress.

          U.S. economic activity increased "at a solid pace" over the first half of this year, as the labor market "has continued to strengthen" and inflation "has moved up", according to the report.

          "In this economic environment, the Committee judged that current and prospective economic conditions called for a further gradual removal of monetary policy accommodation," the report said.

          The Fed last month raised its target range for the benchmark federal funds rate for the second time this year, and penciled in two more rate hikes in the second half of the year.

          The report came before Fed Chairman Jerome Powell is scheduled to testify on the monetary policy for two days next week.

          In a radio interview with Marketplace on Thursday, Powell said the U.S. economy was in a "really good place," but warning the Trump administration's high tariffs against imports could be "a negative" for the U.S. economy.

          Fed officials are "hearing a rising level of concern" from U.S. businesses about the impact of the Trump administration's tariffs, he said.

          According to a survey released by the University of Michigan on Friday, U.S. consumer sentiment at the beginning of July also dropped to a six-month low due to tariff concerns.

          "The darkening cloud on the horizon, however, is due to rising concerns about the potential negative impact of tariffs on the domestic economy," Richard Curtin, chief economist of the survey, said in a statement.

          [Editor: huaxia]
          010020070750000000000000011105091373228221
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  中文字幕在笑第一页 | 亚洲美女午夜在线 | 中文字幕乱码免费熟女 | 免费人成在线观看网站品爱网 | 亚洲天天久久中文字幕 | 亚洲最新在线免费观看 |