FRB Economic Report The slow expansion of the economy, but the impact of trade friction with China, September 5th 7:44
FRB, the central bank of the United States, issued an economic report, and although the economy has been expanding moderately, it has been affected by companies postponing the purchase of equipment due to trade friction with China It was revealed that Based on this situation, it will be noticed whether this month we will make further rate cuts.
On the 4th, the FRB released the latest economic report based on interviews with companies in each region by 12 regional federal banks in the United States.
As a result, the car sales and tourism in many regions are going well, and so on, the economy toward the end of last month was recognized as “slowly expanding” and the judgments made so far were left unchanged.
On the other hand, from the regional federal banks in the Midwest, cases where companies postponed the purchase of equipment due to trade friction between the United States and China, and tariff costs could not be passed on to sales prices, and manufacturing employment decreased. It is reported that there are concerns about the future of the economy.
FRB Chair Powell showed a cautious attitude toward the additional rate cut at the end of July when the rate cut for the first time in 10 and a half years, but the possibility of an additional rate cut in the last month when the financial market became unstable Suggested.
Attention will be paid to what kind of judgment will be made at the meeting from the 17th of this month based on this report.