The Fed has published the highly anticipated Monetary Policy Report! – The right address for financial news

Positive evaluations of the country's economy were highlighted in the report, which was presented to the Fed's congressional committees before weekly presentations by President Jerome Powell to Congress.

In the first half, the environment of investment and confidence has been strengthened partly due to tax cuts, according to the report, which showed a 2% increase gross domestic product (GDP).

During the first half of the year, it was reported that the labor market continued to strengthen, reaching 215 b / d of average monthly increase in l & # 39; employment. This figure was limited to 180,000 for the same period last year.

Raporda also pointed out that unemployment is about 4% despite the increased participation in the labor market.

Consumer inflation in the country has increased by more than 2% in recent years with an increase in energy prices. "Fed officials are expecting inflation to increase in 2018.

The Federal Open Market Committee (FOMC), which determines the Fed's monetary policy, predicts that it will will continue to raise interest rates in light of these developments. "The FOMC says that economic activity will continue to grow in a sustainable manner, strong labor market conditions and the objective of Symmetric inflation of 2 per cent, the policy rate should gradually increase. "

FINANCIAL EVOLUTION

In the Fed's monetary policy report, developments in the financial markets were also discussed.The strong growth of the US stock market in the first quarter of the year, the 39 Uncertainty surrounding trade policies, rising interest rates and political developments abroad have been reported.

In addition, the report highlights rising investor concerns in emerging economies , "Persistently high level of inflation, expansionary fiscal policies and has been among the high current account deficit with Turkey and Argentina, the countries that run the worst." He made the determination.

Raporda also pointed out that the dollar was appreciated by the smooth running of the US economy as well as by the political developments in Europe and Europe. According to the report, oil prices, which play a role in inflationary pressures, limit consumer spending and the average annual price of gasoline has risen by $ 300 from $ 2,100. at $ 2,400
. On the other hand, the phrase "increase in oil prices for the economy, now much less than in the past", was used by the rapporteur, who noted that oil production in the country was reducing its oil-to-GDP ratio.