FRB economic report "Personal consumption is stable" November 28, showing a positive view 5:54
The Federal Reserve, the central bank of the United States, is positive about the fact that private consumption is stable while the latest economic reports across the United States may show the effects of trade friction between the United States and China in some regions. Shown how to see.
On the 27th, the FRB released an economic report from last month to the middle of this month based on interviews with companies in each region by 12 regional federal banks in the United States.
According to the report, some regions reported price increases of products under pressure from tariff costs against the backdrop of trade disputes between the US and China, and movements to reduce employment in the manufacturing industry.
On the other hand, he points out that in many areas, demand for automobiles and tourism has increased, and personal consumption has stabilized.
In addition, as the FRB's three consecutive rate cuts have expanded the low interest rate environment, housing sales and construction are improving, and the US economy is showing “a moderate expansion”. It was.
FRB Chair Powell has suggested that the rate cut that has been implemented three times in a row from the recognition that the economy is going well will be suspended, and that market officials believe that the FRB will leave interest rates at next month's meeting. It is getting stronger.