男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

 
  | Home | News| Living in China| MMS | SMS | About us | Contact us|
   
 Language Tips > Business news
Updated: 2005-07-01 09:44
 
US Fed increases rates to 3.25%

周四下午,美聯儲公開市場委員會如預期將短期利率提升25基點,至3.25%,這是美聯儲自去年6月以來連續第9次以相同幅度提息,聯儲還表示未來將進一步加息。

 

US Fed increases rates to 3.25%
Alan Greenspan is juggling conflicting data

The US Federal Reserve has maintained its "measured" pace of interest rate rises, raising the cost of borrowing by 25 basis points to 3.25%.

It was the ninth monthly rise in a row by the Fed's Open Market Committee.

Analysts had widely expected the move as the Fed tries to maintain economic growth but keep a lid on inflation.

The economy has fared well with 3.8% growth in the first three months of the year, but rising oil prices have stoked inflation fears.

The recent cycle of increases has seen US rates gradually rise from 50-year lows of 1% set in 2002.

Rising US interest rates mean better returns for investors buying assets priced in dollars, thus pushing up the value of the US currency.

Although energy prices have risen further, the [economic] expansion remains firm and labour market conditions continue to improve gradually

Analysts had widely predicted the increase, but some voiced surprise that there was no hint from that the Fed was nearing the end of its current rate tightening cycle.

"It seems as though the Fed was suggesting that inflation pressures are very short term. That could be a hint that everything's under control right now," John Hughes, managing director of Epiphany Equity Research said.

Jeffrey N Kleintop, chief investment strategist at PNC advisors added: "Investors wanted to see that the Fed was going to say something that they were close to being finished."

The Fed's statement that accompanied its decision said that even with the rise in energy prices the economy has continued to grow at a respectable pace.

"Although energy prices have risen further, the expansion remains firm and labour market conditions continue to improve gradually," it said.

It added that pressures on inflation "have stayed elevated" - acknowledging crude's recent rise to above the $60 a barrel level - but also reiterated its belief that "longer-term inflation expectations remain well contained".

Data released ahead of the decision revealed a fall of 6,000 in unemployment claims last week - the second weekly fall in a row - could be a signal that the economy remains healthy.

Meanwhile personal income growth slowed sharply - rising just 0.2% in May, compared with a 0.6% rise in April.

But, at the same time, consumer spending was unchanged in May after a rise of 0.6% in April. Experts attributed the slowdown to unusually cold weather which kept people away from the shops.

Among the other factors affecting the Fed's decision were fears in some quarters of a housing bubble.

Rock-bottom interest rates have helped drive a boom in house prices as homeowners remortgage their properties and - frequently - increase their borrowing to fund consumer spending or home improvements.

Some fear, however, that the rapid house price inflation could prove unsustainable.

Fed chairman Alan Greenspan has denied a national bubble but acknowledged that some locations may be at risk.  

(BBC)

 

Vocabulary:
 

lid : (限制)

remortgage :(再抵押)

 

 
Go to Other Sections
Story Tools
Related Stories
· Steel giant makes way for 2010 World Expo
· Global economy 'to slow in 2005'
· China's Internet users top 100 million
more
 
Copyright by chinadaily.com.cn. All rights reserved

版權聲明:未經中國日報網站許可,任何人不得復制本欄目內容。如需轉載請與本網站聯系。
None of this material may be used for any commercial or public use. Reproduction in whole or in part without permission is prohibited.
 

 

主站蜘蛛池模板: 阿巴嘎旗| 宁安市| 罗江县| 临江市| 米林县| 德惠市| 临颍县| 西乡县| 汾阳市| 远安县| 赣榆县| 瑞金市| 九龙坡区| 福海县| 五莲县| 阳新县| 巴东县| 沅陵县| 永兴县| 红安县| 五莲县| 军事| 阜康市| 长丰县| 沅江市| 阿拉善盟| 阿克陶县| 江城| 丁青县| 大姚县| 博罗县| 河间市| 阿瓦提县| 文登市| 阿拉善盟| 龙陵县| 青神县| 六枝特区| 廉江市| 文化| 赤水市|