The Central Bank of the USA has to cut another quarter point for the third consecutive time, the reference rates, bringing cosà ¬ 4.25%. The decision is made to face a propabile crisis of recession Neli USA as a result of the crisis of loan subprime. The discount rate is the low of 0.25%, thus bringing it to 4.75%. After the meeting, the Federal Reserve announced, in a note that the U.S. economy will moderate, but the increase in prices of raw materials influences on 'Inflation, cool, "the information we receive indicate that economic growth is slowing down" also shows the softening of the operating costs and consumption and is still in place, the correction of housing markets, but the decision to intervene to decrease the cost of money, according to observers, is taken primarily to avoid a tightening banks against the credit, driven by a growing number of bad debts, causing further pressure on an already stressed. The Fed supports the decision taken, together with previous ones, as "should help to promote moderate growth over time" and all about 'inflation, the operating arm of the Fed with regard to rates, the FOMC, commented the increase in prices of materials first and energy and the effects on the living and "in this context, the FOMC sees the persistence of inflationary risks and observe carefully further developments of 'inflation'.
RSS feed for comments on this post TrackBack URI
Leave a reply