US Fed cuts rates by quarter of a percentage point
Federal reserve, interest rates reduced one percent percentage points and responded to weakness concerns in the labor market, the rest of this year will constantly reduce borrowing costs, he said.
The new Governor Stephen Miran, who joined the FED only on Tuesday and is on leave as the president of the White House’s Economic Consultants Council, is opposed to half a point.
The Ratio Section shows that at the remaining two policy meetings this year, the projections showing two -quarter points reduction, the FED officials have shown that the management’s trade policies have begun to underestimate the risk of permanent inflation and now they are more concerned about the possibility of unemployment.
The first move of the Federal Open Market Committee, which has set policy since December, carries its policy rate to 4.25 percent of 4.25 percent.
The FED said in a policy statement, “The Committee pays attention to the risks of both sides of the bilateral duty, and judges have increased downward risks for employment,” he said.
“Business gains have slowed down and the unemployment rate increased.”
FED President Jerome Powell will hold a press conference later on the day for detailed information about the latest explanation and economic appearance.
The new economic projections have shown that inflation, which is still over this year’s policy makers in the media, is a projection of the Fed’s latest estimates set in June.
Unemployment projection did not change by 4.5 percent and economical growth by 1.6 percent to 1.4 percent.
Compared to the risks of deer in the latest projection set, new projections, with the deduction rate deductions fed from inflation, show that any increase in unemployment can start with faster ratio deductions and inflation can slow down next year.
FED officials gradually warmed up to the idea that US President Donald Trump’s tariffs would have a temporary effect on inflation, and the latest estimates are consistent with this opinion.
The transition to a more consistent rate of deduction was supported by the FED Governor Christopher Waller and Vice President Michelle Bowman, in late July, supported by Trump appointments, opposing to keep his policy decision fixed.
Miran was opposed in the last segment and seems to have thrown a pencil in the most upright proportions in the projections published after joining the Board of Directors on Tuesday.
In the newest “Point Graffon”, a 2.875 percent projection at the end of 2025 stands out as three -quarters below the next lowest score.
Trump called the steep ratio cuts.
In addition, voting in favor of the decision was fed with Governor Lisa Cook, who participated in the meeting despite Trump’s efforts to expel him, and two courts supported the dismissal attempt.
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