This Wednesday the United States Central Bank (EDF) decided to lower interest rates by a quarter of a point, to a range of between 1.75% and 2%, and has promised to “act appropriately to maintain the expansion. "
The Fed cut dollar interest rates to a range of 2% to 2.25%, with the purpose of sustaining the country's economic growth in the face of the global economic slowdown.
This entity also reported that it slightly increased its growth forecast for the United States to 2.2% this year compared to the previous 2.1%.
The US labor market generated 130,000 non-agricultural jobs during the month of August, while the unemployment rate remained stable at 3.7%, so it was close to the historical low since 1969.
The price index for personal consumption expenditure, the Fed's preferred variable for monitoring inflation, stood last July – last available data – at 1.4% compared to last year. The monthly rate was 0.2% in the seventh month of the year, one tenth more than the previous month. The underlying variable, which excludes energy and food prices from the calculation due to its greater volatility, stood at 0.2%, the same figure as the previous month, while 1.6% rose in annual rate, Like the previous month.
Source: EFE
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