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The US Federal Reserve has cut its key rate for the first time since 2008, reflecting concerns about the outlook for the global economy and weak inflation.
The interest rate was cut by a quarter point between 2 and 2.25%, according to a statement from the US Monetary Reserve Committee.
The reserve quadrupled interest rates last year, but we now see that weak global growth and low inflation require a more flexible monetary policy.
Despite this change in monetary direction, the description of economic activity by the Monetary Committee has not changed much from its recent meeting. Employment growth remains "solid" and investment growth is "low" and inflation remains "below the 2% target," she said.
The Federal Reserve has decided to reduce its balance sheet two months earlier than planned and to abandon its Treasury bonds.
The Federal Reserve's decision was not unanimous in the Monetary Committee. Two members of the Council opposed a preference for the maintenance of interest rates.
This is the first time since Jerome Boyle badumed the presidency of this institution in early 2018, while the Monetary Committee is witnessing this split.
While inflation has stabilized at 1.4%, the US economy is robust at 2.1% in the second quarter of 2019 and unemployment is at its lowest level in half a year. century (3.7%).
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