Home
[size=36]The US central bank cuts interest rates and keeps the door open for further cuts[/size]
Economy | 09:13 - 01/08/2019
Follow up - Mawazine News
The Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy and weak inflation in the United States.
The US central bank indicated its willingness to further cut borrowing costs if needed.
In a move widely expected in the financial markets, the Federal Reserve cut the benchmark overnight lending rate by a quarter percentage point to a range of 2.00 percent to 2.25 percent.
In a statement at the end of a two-day meeting of the Monetary Policy Committee, the Federal Reserve said it had decided to cut interest rates "in the light of the effects of global developments on the economic outlook, in addition to weak inflationary pressures."
He said he would "continue to monitor" how the information would affect the economy, adding that he would "work in the appropriate way to promote" the growth of the US economy has been going on for a record period.
The interest rate cut sparked opposition from Federal Reserve Chairman Erik Rosengren of Boston and Federal Reserve Chairman Esther George of Kansas City, where the two top officials wanted to keep interest rates unchanged.
The two officials questioned the impact of the rate cut on current growth, the near-50-year unemployment rate and strong household spending.
On the other hand, US President Donald Trump is likely to be disappointed that the central bank did not cut the interest rates it wanted. Trump has repeatedly criticized the Federal Reserve and its chairman, Jerome Powell, for not doing enough to help his administration in its efforts to boost economic growth.
Powell and other Central Bank officials have tried to take a middle course, highlighting risks such as continued uncertainty about global trade, low inflation and a weakening global economy, but reiterated the view that the United States is well on the fundamentals.
The central bank said in its statement that it still sees the labor market as "strong", adding that household spending "has risen." But he pointed out that corporate spending is "weak".
He added that the reduction in interest rates may contribute to the return of inflation to the target level of 2 percent, but there is still cloud of those expectations. The Reserve said that sustained growth of economic activity and a strong labor market are also the most likely outcomes
In a move widely expected in the financial markets, the Federal Reserve cut the benchmark overnight lending rate by a quarter percentage point to a range of 2.00 percent to 2.25 percent.
In a statement at the end of a two-day meeting of the Monetary Policy Committee, the Federal Reserve said it had decided to cut interest rates "in the light of the effects of global developments on the economic outlook, in addition to weak inflationary pressures."
He said he would "continue to monitor" how the information would affect the economy, adding that he would "work in the appropriate way to promote" the growth of the US economy has been going on for a record period.
The interest rate cut sparked opposition from Federal Reserve Chairman Erik Rosengren of Boston and Federal Reserve Chairman Esther George of Kansas City, where the two top officials wanted to keep interest rates unchanged.
The two officials questioned the impact of the rate cut on current growth, the near-50-year unemployment rate and strong household spending.
On the other hand, US President Donald Trump is likely to be disappointed that the central bank did not cut the interest rates it wanted. Trump has repeatedly criticized the Federal Reserve and its chairman, Jerome Powell, for not doing enough to help his administration in its efforts to boost economic growth.
Powell and other Central Bank officials have tried to take a middle course, highlighting risks such as continued uncertainty about global trade, low inflation and a weakening global economy, but reiterated the view that the United States is well on the fundamentals.
The central bank said in its statement that it still sees the labor market as "strong", adding that household spending "has risen." But he pointed out that corporate spending is "weak".
He added that the reduction in interest rates may contribute to the return of inflation to the target level of 2 percent, but there is still cloud of those expectations. The Reserve said that sustained growth of economic activity and a strong labor market are also the most likely outcomes
» Al-Kazemi: Iraq needs a strategic transportation infrastructure commensurate with its geographical l
» The rise in the price of the dollar in Baghdad
» Trade launches a new batch of farmers' and farmers' dues
» Masrour Barzani urges all parties to speed up the formation of a government capable of building a be
» UN Security Council: An inclusive government must be established in Iraq
» Closing the deficit.. Al-Kazemi's advisor separates the price of a barrel of oil and identifies two
» Changing the provisions of the results only.. a legal expert resolves the controversy of the re-elec
» The defense responds to a report claiming that fictitious salaries were paid to female affiliates wh
» We did not interfere.. Al-Kazemi's advisor talks about something related to the elections that the p
» The Governor of the Central Bank meets the head of the Arab Gulf Program for Development.. This is w
» Planning announces a decrease in the inflation rate for the month of last September and an increase
» The Electoral Commission recommends the dismissal of 294 new appeals against the results
» Makheef and Bin Talal discuss the exchange of experiences between Iraq and Saudi Arabia
» Oil ends the week on the rise
» Al-Rafidain announces the electronic distribution of salaries for two ministries
» Learn about the dollar exchange rates in Baghdad for this morning
» Khatib from the current: The Sadrists are close to forming a national government
» Al-Kazemi is the closest option to the Sadrist movement to rein in the armed groups
» Compatibility and bargaining spoil al-Maliki's movement to win a third term
» Former MPs emigrate for fear of prosecution after lifting immunity
» Frank26 and KTFA Members Thursday PM 10-21-2021
» Walkingstick and KTFA Members "It's The Final Countdown" 10-21-2021
» Former US ambassador: Those who wanted to boycott us lost in Iraq
» Al-Sadr reassures America: We will deal with it at all levels
» Coordination framework: We will go out to demand the annulment of the election results..and the fact
» Britain controls Iraq's airspace with astronomical sums: 100 million dinars per employee per month
» The Minister of Foreign Affairs stresses the importance of holding the Iraqi-Emirati Committee in Ba
» The Presidency of the Republic discloses the categories covered by the general amnesty
» Al-Kazemi's government takes 4 new decisions
» The "coordinating framework" meeting at Al-Maliki's house comes out with a single decision
» Al-Maliki is taking a "surprising" path with the aim of achieving a "third term"
» The commission counts the number of complaints about the election results: 10 of them are red
» The "Coordination Framework" is "surprised" by the loss of four candidates in the elections and conf
» For the second day.. Central bank sales of the dollar increased
» Egypt is considering exporting food to Iraq: "They produce only 1% of their needs"
» Iraq concludes a contract to drill dozens of oil wells and increase its production by 800,000 barrel
» The "Coordination Framework" is "surprised" by the loss of four candidates in the elections and con
» Velayati: We hope that the election results will advance the process of prosperity in Iraq
» AFTER FIVE EXPERIMENTS, THE CENSUS RUNS THE SIXTH ELECTRONICALLY FOR THE GENERAL CENSUS
» CABINET SECRETARIAT BRINGS GOOD NEWS TO EMPLOYEES
» THE MINISTER OF AGRICULTURE HOLDS A NUMBER OF MINISTRIES RESPONSIBLE FOR THE DELAY IN IMPLEMENTING T
» IRAQ.. DOLLAR EXCHANGE RATES IN LOCAL MARKETS
» FINANCE ADDRESSES THE COUNCIL OF MINISTERS REGARDING EMPLOYEE PROMOTIONS
» COMMERCE IS COMPLETING THE PRINTING OF THE ELECTRONIC RATION CARD FOR THIS CATEGORY
» Washington is changing its view of Al-Sadr. His government may undermine the influence of the factio
» Iraq workers are victims of the lack of safety requirements
» Al-Rafidain announces the payment of the salaries of employees of the Ministry of Defense
» Iraqi elections at the table of Khamenei's advisor and Abdul Mahdi
» With the document.. the Cabinet Secretariat responds to the finance and announces the employees
» A slight decline in dollar prices in Baghdad
» Brent crude is heading for its first loss in weeks
» The Saudi-Iraqi Coordination Council discusses ways to develop banking and financial relations
» Culture approves a draft program for tourism cooperation between Iraq and Kuwait
» The economy of the Gulf states... Expectations of rapid growth in Saudi Arabia and fears of the "gre
» THE CABINET SECRETARIAT ISSUES AN IMPORTANT NOTICE REGARDING THE POLITICAL DISMISSALSTHURSDAY, OCTOB
» DEMANDS TO GRANT IRAQI WOMEN A SOVEREIGN MINISTRY IN THE NEW GOVERNMENT
» The supreme religious authority denies what was published by the London-based Al-Arab newspaper rega
» Oil is close to $90 a barrel
» Agriculture explains through NRT how dangerous eating Iraqi fish is after the latest virus
» In an official statement, the Iraqi judiciary decides to bring in a senior official
» The Commission reveals the date for announcing the approval of the names of the winning candidates i
» Will Al-Maliki be Prime Minister? .. An Iraqi politician reveals new information
» Deployment of law enforcement forces in the central Baghdad square: strict procedures and searches
» The Sadrists and possible alliances... Two paths, one of which leads to the formation of the governm
» After the elections.. Iraq between rise or chaos
» The Service Council reveals the number of those who are directly involved in their jobs who are cove
» The Central Bank confirms its continued provision of financing to the real estate bank to complete l
» The Governor of the Central Bank discusses in Riyadh with his Saudi counterpart cooperation in the b
» Using the 'horizontal drilling' technology..Oil launches a project to drill 96 oil wells in Basra
» The industry is starting to rehabilitate the suspended factories in the Samarra Pharmaceutical Compa
» Trade sets the date for distributing the third meal of the food basket
» There is no pressure anymore.. the Sadrist movement intends to open all corruption files in Iraq
» Al-Hakim is “dissatisfied” with Al-Sadr and three scenarios are on the “Tuesday meeting” table
» The coordination framework continues to escalate and proposes to repeat the elections in June
» Simultaneous clan conflicts in Maysan... and heavy fire near a Chinese oil company
» The ration card.. endless challenges and experts offer alternative solutions
» Controversial laws will be resolved by the new parliament?
» The victory coalition reveals how the Iraqi elections were rigged
» A resistance faction demands the removal of Al-Kazemi, the re-election, and addresses the reference
» Launching the job grades for the State Council and the House of Wisdom
» The Service Council decides to complete the procedures for appointing the Ministry of Construction a
» A leader in the state of law determines the direction of the sit-ins and talks about negotiations to
» The opening of the Basra International Book Fair in the midst of a distinguished official, cultural
» With the participation of 200 Arab and foreign publishing houses .. The launch of the activities of
» In the ports of Iraq.. 14 ships and fuel tankers docked
» The Governor of the Banque du Liban intends to stop financing the import of gasoline
» Real estate bank completes lending transactions
» The continued decline in the price of the dollar in the local market
» Iraq is the third largest oil exporter to China during the past month
» Customs addresses government departments to collect deferred customs duties
» The Minister of Transport to his Egyptian counterpart: Your airport services are poor, and our stude
» Labor issues a directive regarding rent allowances for retirement and social security properties
» Health: Iraq is behind the vaccination rates in the world and is on the verge of a fourth wave
» Al-Muthanna farmers appeal to Al-Kazemi to reconsider the winter plan and pay the farmers' dues
» In the names.. Oil announces the third batch of engineers accepted to work as a daily wage
» The Service Council decides to appoint graduates of the Gulf Academy
» Minister of Commerce: Distribution of the third meal of the food basket next month
» Customs addresses government departments to collect deferred customs duties