Daily News Egypt

Fed decides not moving is best - Daily News Egypt

Advertising Area



Advertising Area




Fed decides not moving is best

Ending its two-day policy meeting, The US Fed has refrained from hiking interest rates. It indicated that there were too many imponderables right now, prompting it to postpone a rate increase for the time being.


Ending its two-day policy meeting, The US Fed has refrained from hiking interest rates. It indicated that there were too many imponderables right now, prompting it to postpone a rate increase for the time being.
Officials of the Federal Open Market Committee were seen reversing course on earlier plans for a mid-year increase in the central bank’s key short-term interest rate, now pegged at 0.25-0.50 percent.

Ending its policy meeting on Wednesday, the Federal Reserve decided to wait and see what happens when Britain votes in a referendum on EU membership on June 23.

The Fed also appeared influenced by a strikingly bad May report on US employment, with the number of jobs created the lowest in nearly six years. And Fed chief Janet Yellen had made it clear she remained frustrated with inflation being still weak in the world’s largest economy.

Reading between the lines

As an added irritation, the Fed earlier on Wednesday reported a 0.4-percent drop in US industrial output in May month-on-month, with production down 1.4 percent year-on-year.

Many economists now expect the Federal Reserve will not move before September unless there’s a significant job-growth rebound. The Fed itself indicated there may be two hikes later this year.

At the same time, it predicted a path of about three rate increases per year, starting in 2017.

Also on Wednesday, the central bank cut its growth outlook for 2016 and 2017, seeing the US economy expanding by 2 percent and thus no longer above the long-term trend.

hg/jd (AP, Reuters)

Topics: Federal Reserve

Advertising Area

Advertising Area



  • Emirati

    Uae&Oman proudy TerroristCountries are involve in the Globalterrorrism in the Field of FlightsBombing, CrudeOil Spill in Maxico & Nageria, Mining, sea Route, PowerSector, Nuclear,Onland Terrorism.

    TerriristCountries Saudi,Uae(United Sikh Emirates) are expert in the sponsoring the fligt bombing since nine eleven, these
    TerriristCountries Saudi,Uae(United Sikh Emirates) carried 90% flight bombing to date since 9/11, they never claim bombing because they are KhanitCountries.

    SaudiArabia&United sikh emirates, Shaikh(Sikh) now wearingThe turban likeSardarji, sikhOfindia&Pakistan, & want to issueGreen Card toExpat living in the Saudi ToGenerate HARAMIrevenues for the nationalEeconomy.
    Roler of UAE(United sikh emirates) is custodian of the two holy Sikh Guruduwara & Hindu temples.
    TerriristCountries SaudiArabia&United sikh emirates are medling with internal politics of the countries like EGYPT&Lebnon etc by bribing theBillions of Dollar to theseCountries, EGYPT’s SecularGovt of BrotherHood was thrown out by Uae&Saudi dollars, As EGYPTIAN are very Clever&Conning, they will get the money from Terorist countries UAe&Saudi,but never bendInfront of TeroristCountries UAe&Saudi.
    SaudiArabia&United sikh emirates, Shaikh(Sikh), knows three things only eat, drink&outsource their daughters marriages to African countries like EGYPT, Somali, Balochi, Bengalis.

    SaudiArabia&United sikh emirates, Shaikh(Sikh) has got Khanith(Neutral) army, these Army is the reproduction of Saudi&Uae females with IsraeliArmy.

    SaudiArabia&United sikh emirates, Shaikh(Sikh) Khanith(Neutral) army, cannot fight warAgainst Israel, because Saudi&UAE Khanith(Neutral) army beleive that they can only fight with weak Muslim countries or they can do small small state sponsor crimes like kiling their own nationals, but fighting with Isreal may esclates wat AcrossGulf Countries.
    As Israel is power in the war with GCC, Israel has fucked GCC womes & all GCC Military are illegal childerens of Israel, so GCC Military don’t want to fight with IsraeliFathers.

https://www.dailynewsegypt.com/2016/06/15/fed-decides-not-moving-is-best/
Breaking News

No current breaking news

Daily News Egypt Android App Available for free download on Google play
View
Daily News Egypt Ios App Available for free download on APP Store
View