US FRB Economic judgment slightly revised downward Production activity weakened mainly in the Midwest 7:01 on October 17
The Federal Reserve Board, FRB, the central bank in the United States, revised its economic judgment slightly downward in the US economic report released on the 16th. He pointed out that production activities in the manufacturing industry are weakening mainly in the Midwest due to trade friction with China.
On the 16th, the FRB released the latest economic report based on interviews with companies in each region by 12 regional federations nationwide.
According to the report, he pointed out that while the US economy is experiencing steady personal consumption, employment growth has been modest. On top of that, although the US economy has continued to expand, the economic judgment has been revised slightly downward because the pace of expansion has slowed.
It is pointed out that manufacturing activities in the manufacturing industry have weakened due to trade friction in the United States and China and the slowdown in the global economy. The Fed in the Midwest region has closed factories, reduced operations, and transported them. There was a report of the reduction of drivers.
Based on this economic report, market participants are increasingly seeing the FRB taking three consecutive interest rate cuts to support the economy at the end of this month, but the economy is expanding within the FRB. There are also opinions pointing out the risks of continuing rate cuts, and the direction of judgment is attracting attention.