The Fed notes a reduction in economic "optimism" in the US

The Fed notes a reduction in economic "optimism" in the US

The US Federal Reserve (Fed) He noted less economic optimism in the country as a result of growing doubts generated by financial volatility, falling energy prices and trade tensions, according to his document known as the "beige book".

Although most of the districts consulted reported "modest to moderate" growth, many acknowledged having become "less optimistic" in the face of "financial volatility, rising interest rates and commercial uncertainty," among others.

Likewise, the labor market continued to "adjust" with wage increases throughout the country, while regarding prices the document indicates that the "majority" of the districts saw increases in the costs of supplies.

The unemployment rate closed 2018 at 3.9%, at levels not seen in decades; and inflation at 1.9%, around the annual target of 2% set by the body led by Jerome Powell.

The "beige book", a report that compiles information on economic activity in the country, was based on data from the end of November to the beginning of January.

The document is released two weeks before the Fed's first monetary policy meeting, which will take place on January 29 and 30.

After four rises in interest rates in 2018, the price of money is in the range of between 2.25% and 2.5%, and analysts foresee two additional increases this year, one less than anticipated at the end of the past year.

US President Donald Trump has criticized the pace of the Fed's monetary tightening by ensuring that it jeopardizes the acceleration of the economy in the last year.


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