1. LINE

      Text:AAAPrint
      Economy

      U.S. Fed raises interest rates, fourth increase since Dec. 2015

      1
      2017-06-15 07:34Xinhua Editor: Mo Hong'e ECNS App Download
      U.S. Federal Reserve Chair Janet Yellen speaks during a news conference in Washington D.C., capital of the United States, on June 14, 2017. U.S. Federal Reserve on Wednesday raised the benchmark interest rates for the fourth time since December 2015, and unveiled plans to start trimming its balance sheet. (Xinhua/Yin Bogu)

      U.S. Federal Reserve Chair Janet Yellen speaks during a news conference in Washington D.C., capital of the United States, on June 14, 2017. U.S. Federal Reserve on Wednesday raised the benchmark interest rates for the fourth time since December 2015, and unveiled plans to start trimming its balance sheet. (Xinhua/Yin Bogu)

      U.S. Federal Reserve on Wednesday raised the benchmark interest rates for the fourth time since December 2015, and unveiled plan to start trimming its balance sheet.

      "In view of realized and expected labor market conditions and inflation, the (Federal Open Market) Committee decided to raise the target range for the federal funds rate to 1 to 1.25 percent," said the Fed in a statement after concluding its two-day monetary policy meeting.

      The central bank acknowledged the continuous progress in labor market while expressed their concerns over weak inflation.

      Fed officials lowered their forecast for unemployment rate for 2017 down to 4.3 percent, compared to 4.5 percent projection made in March, while their forecast for inflation rate in 2017 was revised down to 1.6 percent from their forecast of 1.9 percent in March, according to the economic projections released by the Fed on Wednesday.

      Despite the weak inflation, the central bank continues to see improvement in the economy. "Household spending has picked up in recent months, and business fixed investment has continued to expand," said the Fed in the statement.

      Fed officials expected the economy to grow 2.2 percent this year, compared to their forecast of 2.1 percent in March.

      Their forecast for rate hike pace barely changed compared to March's projections. According to their forecast, there will be one more rate hike this year, and three more next year.

      In view of the stable economic conditions, the Fed plans to reduce its 4.5-trillion-U.S.dollar balance sheet later this year and unveiled detailed plan to trim its bond holdings.

      "The Committee currently expects to begin implementing a balance sheet normalization program this year, provided that the economy evolves broadly as anticipated," said the Fed in the statement.

      "The plan is one that is consciously intended to avoid creating market strains, and to allow the market to adjust to a very gradual and predictable plan," said Fed chairwoman Janet Yellen in a press conference on Wednesday, in regard to the plan to reduce the central bank's balance sheet.

      According to the plan, the Fed will set a set of gradually increasing caps on the amount of the Treasury and agency securities that would be allowed to run off each month. The caps will be increased every three months until they reach fully phased-in levels.

      As for the timing of implementing the plan, Yellen said that if the economy evolves in line with Fed officials' expectations, the central bank could put it into effect "relatively soon."

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 国产成人综合亚洲| 国产成人亚洲精品91专区高清| 中文字幕免费在线看电影大全| 亚洲国产精品自产在线播放 | 国产曰批免费视频播放免费s| 亚洲黄色在线观看| 野花高清在线观看免费完整版中文 | 国产一级a毛一级a看免费视频 | 亚洲AV无码一区二区三区DV | 日本xxwwxxww在线视频免费| 日韩插啊免费视频在线观看| 国产A在亚洲线播放| 免费无码成人AV在线播放不卡| 久久夜色精品国产噜噜噜亚洲AV| 亚洲精品视频在线免费| 亚洲国产91精品无码专区| 老司机午夜精品视频在线观看免费| 最近免费中文字幕mv电影| 亚洲美女色在线欧洲美女| www.黄色免费网站| 豆国产96在线|亚洲| 国产自偷亚洲精品页65页| 亚洲精品宾馆在线精品酒店| 免费一级特黄特色大片在线 | 国产大片线上免费观看| 亚洲gay片在线gv网站| 亚洲国产免费综合| 久久精品国产亚洲AV无码娇色 | 性做久久久久免费看| 一级特黄录像视频免费| 亚洲AV无码久久| 大陆一级毛片免费视频观看| 一区二区三区精品高清视频免费在线播放 | 亚洲福利精品一区二区三区 | 中国国产高清免费av片| 亚洲日本国产精华液| 免费又黄又硬又爽大片| 日韩免费无码一区二区三区| 亚洲日韩一区二区一无码| 亚洲中文字幕第一页在线| 妻子5免费完整高清电视|