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Fed says US economy weaker, but no policy change

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http://www.euronews.com/ The Federal Reserve says the US economic recovery had lost momentum so far this year, but after their monthly meeting, the central bank’s policymakers stopped short of offering new monetary stimulus.

There was a signal in their statement that there could be further purchases of US government bond in the future but no timescale was mentioned.

Analysts believe they will wait until at least September.

Fed officials described the economy as having “decelerated somewhat,” and reiterated their disappointment with the slow pace of progress in bringing down the nation’s 8.2 percent jobless rate.

In a slight hardening of their statement in June, the Fed said: “The Committee will closely monitor incoming information on economic and financial developments and will provide additional accommodation as needed.”

As the Fed met there was some good news on the jobs front private US companies hired more workers than expected in July – but not enough to cut the unemployment rate.

Manufacturing activity contracted for a second month in a row in July, according to the Institute for Supply Management, and exports continued to tumble.

US consumer spending stagnated in June and retail sales fell for a third straight month.

Economic growth slowed to 1.5 percent in the second quarter.

Economists say all those indicators of sluggish growth mean the Fed has to do more, but exactly what and when is still unclear.

Many think Fed Chairman Ben Bernanke could use his speech at the central bank’s high-profile gathering in Jackson Hole, Wyoming, in August to send a strong message to markets. He used that forum in 2010 to communicate the Fed’s intention to pursue a second round of money printing – quantitative easing, or QE2.

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4 Comments

4 Comments

  1. @rdiaz978

    April 28, 2024 at 3:55 am

    let stated all over againg, its the only way to a clear future

  2. @rdiaz978

    April 28, 2024 at 3:55 am

    what i realy like to see is the elites bankers owners of the federal reserve, down and the media corporations owners ,down. and the play ground in the sistem gov

  3. @straty01

    April 28, 2024 at 3:55 am

    The Fed is powerless, the game is over

  4. @radioblueheart

    April 28, 2024 at 3:55 am

    Bring back the National Recovery Act!

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Only a third of EU counter-drone programmes will deliver by 2030, leaked report warns

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Only a third of EU counter-drone programmes will deliver by 2030, leaked report warns

EU counter-drone investment grew sixfold in 2025, but only a third of programmes will deliver by 2030, a confidential EU report seen by Euronews says, citing fragmented procurement and industry struggling to keep pace with fast-moving drone technology.

READ MORE : http://www.euronews.com/2026/10/08/only-a-third-of-eu-counter-drone-programmes-will-deliver-by-2030-leaked-report-warns

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Rubio in Athens urges Europe to shoulder more of its defence burden

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Rubio in Athens urges Europe to shoulder more of its defence burden

The US secretary of state held talks on energy, military cooperation and regional security, pointing to Greece as an example of higher defence spending. The agenda also included LNG, F-35s, the Eastern Mediterranean and the Strait of Hormuz.

READ MORE : http://www.euronews.com/2026/10/07/rubio-in-athens-urges-europe-to-shoulder-more-of-its-defence-burden

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Israeli defence minister vows to expel Gaza City residents if Israelis abducted

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Israel’s Defence Minister Israel Katz vows to force out all of Gaza City’s residents — displacing roughly a million people — if any Israeli is abducted in the future.

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Europeans ‘far more united’ on tougher China trade stance after German shift, Barkin says

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Europeans ‘far more united’ on tougher China trade stance after German shift, Barkin says

Europeans ‘far more united’ on tougher China trade stance after German shift, top expert Noah Barkin tells Euronews

READ MORE : http://www.euronews.com/2026/10/15/europeans-far-more-united-on-tougher-china-trade-stance-after-german-shift-barkin-says

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Bolsonaro speaks at Davos, World Economic Forum

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