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: 2005-11-01 10:43
Expect Fed to raise rates again Tuesday

美聯儲聯邦公開市場委員會將在當地時間周二舉行例會決定是否進一步加息。近期美聯儲官員的講話都透露出對通貨膨脹風險的擔憂,因此市場人士普遍預計,美聯儲將繼續加息步伐,將聯邦基準利率由3.75%上調至4%。

 

The Federal Reserve is expected to raise interest rates by a quarter-point, to 4%, when it meets Tuesday, economists say, noting that growth remains robust while inflation has been rising despite 11 previous rate increases since June 2004.

The policymaking Federal Open Market Committee has raised its target for a key short-term interest rate to 3.75% from 1%, in quarter-point increments, since mid-2004. Fed officials want to bring rates to a neutral level that neither slows nor overstimulates the economy, but they haven't said what that level is. Inflation pressures intensified after Hurricane Katrina, though they are moderating.

Crude oil for December closed at $61.22 a barrel Friday, down from highs near $70 shortly after the hurricane.

"With all the hysterical talk about inflation by several Fed officials, I guess I would say I wouldn't be surprised if they did a (half-percentage-point) increase. It would not be my forecast," said Ken Mayland of Clearview Economics, who expects the Fed to move by a quarter-point Tuesday and gradually raise rates to 5%.

The Commerce Department said Friday that the economy grew at a robust 3.8% in the third quarter of 2005, despite the impact of Hurricane Katrina. A special Commerce measure of inflation rose at a 3.7% pace, the fastest in over a year. However, core inflation, which doesn't include food and energy, was up a more moderate 1.3%. The Fed monitors the core figure.

Brian Wesbury, chief economist at Claymore Securities, said that even if the Fed was not worried about rising inflation, it would still have to keep raising rates. He says the Fed pushed rates too low in 2000-03.

"The Fed way overdid it," said Wesbury, who also expects officials to raise rates to 5% by mid-2006. "All they're doing is bringing (rates) to a neutral level."

One question for economists is whether the pending retirement of Fed Chairman Alan Greenspan, who is set to leave the Fed on Jan. 31, and his likely replacement by Ben Bernanke, chair of the White House Council of Economic Advisers, will affect near-term rate decisions. Greenspan will preside over rate meetings in December and January.

(Agencies)

 

Vocabulary:
 

pending: Impending; imminent(即將來臨的)

preside over : (主持)

 


 

 
Go to Other Sections
Story Tools
Related Stories
· Forbes listed China's top-notch magnates
· Fed lifts rates a quarter point to 4 per cent
· Expect Fed to raise rates again Tuesday
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: 达拉特旗| 黎平县| 桃源县| 锡林浩特市| 通州市| 古丈县| 互助| 闵行区| 中方县| 古交市| 镇宁| 舞钢市| 威宁| 崇礼县| 东方市| 浦城县| 常山县| 禄丰县| 陆丰市| 山阴县| 永春县| 甘孜| 北宁市| 彭水| 兰西县| 夹江县| 肃宁县| 广西| 永吉县| 平顶山市| 梁平县| 曲靖市| 汉寿县| 永宁县| 日照市| 贵南县| 安阳市| 塘沽区| 灌阳县| 河西区| 新巴尔虎右旗|