Currency, Debt, National Budgets & Interest Rates, Global Economics, Organizations, IMF, WTO, G7, Types of News: Brief
U.S. Economy ‘Strong,’ Fed Says; Others Warn of ‘Darkening’ Global Economic Outlook
June 14, 2018-The U.S. economy is "rising at a solid rate," the Federal Reserve said yesterday as it raised its short-term interest rate from 1.75 to 2 percent and projected two more increases this year.
A strong labor market, household spending, and business investment are strengthening the economy while the inflation rate hovered around 2 percent, the Federal Open Market Committee statement said.
Asked about U.S. trade tensions between the United States and its partners, Federal Reserve Chairman Jerome Powell said he hears rising concerns from business leaders who are delaying investment decisions. He added, however, that at this point, it is simply "a risk" rather than a current reality.
"Right now, we don't see that in the numbers at all," Powell said. "The economy is very str...