With inflation pressures muted the US central bank can afford to be patient, Fed minutes show
Washington —
However, the meeting was held at a time when optimism was high for a deal to end the US-China trade war and before President Donald Trump more than doubled tariffs on $200bn in Chinese goods, sparking further retaliation from Beijing. "A number of participants observed that some of the risks and uncertainties that had surrounded their outlooks earlier in the year had moderated, including those related to the global economic outlook, Brexit, and trade negotiations," the Fed minutes said.Fed officials still expect solid growth in 2019, but below the torrid pace of the first quarter, when the economy expanded 3.2%.
The risk of inflation below target is that it gets stuck at the too-low level, making it harder for the Fed to support the economy.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US senator Warren wants overhaul of federal laws to protect abortionElizabeth Warren, a Democratic presidential candidate, says ‘people are scared and angry’ about the mooted new drastic abortion laws
Read more »
US senator Warren wants overhaul of federal laws to protect abortionElizabeth Warren, a Democratic presidential candidate, says ‘people are scared and angry’ about the mooted new drastic abortion laws
Read more »
Newsdeck: U.S. orders suspension of flights between the U.S. and VenezuelaWASHINGTON, May 15 (Reuters) - The U.S. Department of Transportation on Wednesday ordered the suspension of all commercial passenger and cargo flights between the United States and Venezuela, citing reports of unrest and violence around airports in the South American country.
Read more »
Boeing completes software upgrade on 737 Max aircraftBoeing flew 207 flights with the updated software and was now engaging the Federal Aviation Administration in the US before scheduling its first certification test flight.
Read more »
Rand slips as US-China trade war weighs on emerging marketsThe rand was the third-biggest loser among emerging-market currencies, with only the Brazilian real and Argentinian peso doing worse
Read more »
Rand softer as US-Sino trade war deepensWashington has imposed sanctions on Chinese telecom giant Huawei, adding to fears the conflict will escalate
Read more »
Shaun Abrahams was 'hellbent' on charging us, says French arms firmFrench arms company Thales – accused of bribing then Deputy President Jacob Zuma for his “political protection” against investigations into the Arms Deal – has slammed former prosecutions boss Shaun Abrahams for being “hell-bent” on charging them with Zuma.
Read more »
Saray Khumalo becomes first black African woman to reach summit of Mount EverestSarayKhumalo has become the first black African woman to reach the summit of Mount Everest, with an elevation of 8,848m.
Read more »
Iran's Zarif says 'no possibility' of talks with US | IOL NewsIran's foreign minister said there is 'no possibility' of negotiations with the US to reduce spiralling tensions, Japan's Kyodo news agency reported.
Read more »
Our rage will save us from annihilationVoices| The actions of the 25 old white men in Alabama in the US this week stink of fear. They are dead men walking. The days of living in a world where those who have power do the bidding of warmongers and capitalists are ending, writes Gayle Edmunds
Read more »
Trump says he hopes US not going to war with Iran | IOL NewsU.S. President Donald Trump said he hoped the United States was not heading to war with Iran as he met with Switzerland President Ueli Maurer.
Read more »