The United States Will Maintain Interest Rates Unchanged And Expect To Grow Moderately Next Year.
The The Federal Reserve System (Fed), as expected, decided to maintain interest rates unchanged, and suggested that the growth of the economy and the low unemployment rate will continue until the end of the presidential election in the end of 2020.
When the Federal Open Market Committee (FOMC) ended its last monetary policy meeting in 2019, it decided to maintain the benchmark interest rate target range from 1.5% to 1.75%.
In the summer and autumn of this year, the United States has cut interest rates by 3 degrees.
According to the economic data released in December 6th, new jobs in the US in November were far more than expected, and employers' doubts about the need for labour market began to disappear.
Diane Swonk, chief economist at Grant Thornton, said: "this allows the alliance to be able to stand on the sidelines in 2020 or at least when we enter the new year. "
If the two sides successfully finalize the preliminary trade agreement, or at least temporarily stop malicious confrontation, the end of uncertainty will greatly boost the business of Beijing.
However, economists say the Union will soon feel the pressure to restore interest rates.
Despite more positive data, the shadow of the economy persists. Adjusted inflation and consumer spending in October have reached their weakest level since February.
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