president "American federal": All paths on interest rates are fraught with risks, whether reduced or lifting
Jerome Powell, head of the US Federal Reserve (Central Bank), said that all the options before the council, whether by reducing interest rates or raising them, bear risks and challenges, stressing that the current monetary policy seeks to balance the control of inflation and maintain the strength of the labor market. Providence Great & quot; In the state of Rod Island, the prospects for the labor market and inflation face risks, and that policy makers are likely to face a difficult way in light of their thinking in additional discounts for interest rates. He added that the dual risks mean that there is no risk -free path, noting that monetary policies are still somewhat acceptable despite the recent reduction in the interest. He pointed out that US consumer spending slowed and that the labor market has become a sign of weakness. On September 17th, the open market committee of the council decided to reduce the interest rate by a quarter of a percentage point to 4 % and 4.25 % in light of a series of official disappointing data on the American labor market, inflation, the volume of consumer spending and economic growth, which prompted the council to resume the interest reduction policy for the first time in nine months, in addition to the pressures that US President Donald exerts Trump is the federal to reduce borrowing costs. Among the weak economic data, the report of the recent American Labor Statistics Office, which indicated the acceleration of the American inflation rate to 2.9% during the month of August on an annual basis, which was compatible with most of the analysts’ expectations. The US Department of Labor’s report also showed the rise in requests for unemployment by 27,000 requests during the past week ending on the sixth of September, bringing the total of 263 thousand requests, which is its highest level since October 2021. Experts had expected the requests for US unemployment subsidies to increase by 2000 requests only during the past week to reach 235 thousand requests.
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