Arab Today, arab today global factors a risk for us economy
Last Updated : GMT 16:10:08
Arab Today, arab today
Arab Today, arab today

Global factors a risk for US economy

Arab Today, arab today

Arab Today, arab today Global factors a risk for US economy

The US Federal Reserve in Washington
Washington - AFP

The Federal Reserve was concerned about international risks to the US economy but saw no evidence of wage inflation, according to the minutes of the last meeting published Wednesday.
"Many participants regarded the international situation as an important source of downside risks to domestic real activity and employment," said the minutes of the December 16-17 meeting, as officials mulled when to raise interest rates.
The potential for a negative spillover effect would rise "particularly if declines in oil prices and the persistence of weak economic growth abroad had a substantial negative effect on global financial markets," the minutes said, "or if foreign policy responses were insufficient."
The meeting of the Fed's policy arm, the Federal Open Market Committee (FOMC), came amid a plunge in oil prices since June that has deepened further, more than halving the value of crude oil to below $50 a barrel currently.
The sharp fall in oil has roiled financial markets, especially in the first trading days of the year, as investors worry about weaker demand in a slowing economy teamed with abundant supplies.
The FOMC, in considering when to raise rates that have been pegged to near zero for six years to support the economy's recovery from deep recession, saw in December a potential boon from dropping oil prices.
A few participants said the effect was likely to be positive on overseas employment and economic growth.
For the US economy, several participants expected slower economic growth abroad to curb the US economy, mainly through lower net exports.
"But the net effect of lower oil prices on US economic activity was anticipated to be positive."
The policymakers saw "broad-based improvement" in the labor market since their October 28-29 meeting, with solid gains in job growth, a small reduction in the unemployment rate and increased hiring.
But despite the labor gains and the economy growing at a moderate pace, "most participants saw no clear evidence of a broad-based acceleration in wages."
According to the minutes, "most participants" agreed to adding language in the FOMC statement about being patient in deciding to raise interest rates, expected in mid-2015.
"Most participants thought the reference to patience indicated that the Committee was unlikely to begin the normalization process for at least the next couple of meetings."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today global factors a risk for us economy Arab Today, arab today global factors a risk for us economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today global factors a risk for us economy Arab Today, arab today global factors a risk for us economy

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday