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#1 09-05-2018 11:00:03

ding2017
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Date d'inscription: 22-07-2017
Messages: 698

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WASHINGTON Nike Air Max 90 Premium , Sept. 20 (Xinhua) -- U.S. Federal Reserve on Wednesday kept the interest rate unchanged, but signaled that there might be one more interest rate hike this year.


The central bank also announced on the same day that it will start to unwind its 4.5-trillion-U.S.-dollar balance sheet in October, as the market expects.


"We're working down our balance sheet, because we feel that's stimulus that in some sense is no longer needed," said Fed chairwoman Janet Yellen at a press conference after the Fed concluded its two-day policy meeting on Wednesday.


"The basic message here is U.S. economic performance has been good," she added.


Although recent hurricanes are expected to give a shock to the U.S. economy Nike Air Max 90 Infrared , the Fed continues to expect that the economy would expand at a moderate pace in the future.


According to the Fed's economic projections released on Wednesday, Fed officials expected the U.S. economy to grow 2.4 percent this year, higher than their forecast of 2.2 percent in June.


Alongside the moderate economic expansion, the U.S. job market has shown strong resilience in recent years.


The country's unemployment rate reached 4.4 percent in August, the lowest level since the Great Recession. The monthly job gains remained at a robust pace of 156,000 in August Nike Air Max 90 Essential , above the pace of 100,000 to 120,000 that would be consistent with a stable unemployment rate.


Yellen pointed out that if the Fed didn't withdraw its monetary stimulus, the economy could overheat and the inflation could move up more rapidly, in view of the continued labor market tightening.


According to Fed officials' projections, the unemployment rate will drop to 4.3 percent by the end of this year Nike Air Max 90 Ultra , and further fall to 4.1 percent in 2018 and 2019, well below the 4.6 percent where the economy reaches full employment.


However, inflation, the other monetary policy mandate for the Fed, has been running below the Fed's 2-percent target for years, and it also softened this year.


"This year Nike Air Max 90 , the short fall of inflation from 2 percent ... is more of a mystery," said Yellen.


In July, the core personal consumption expenditure (PCE) index, the Fed's preferred inflation indicator, rose only 1.4 percent year on year, below Fed's 2-percent target and also lower than the 1.9 percent in January.


Yellen expected that the low inflation is due to transitory factors that are likely to disappear over the course of the coming year. < According to Fed officials' projections Air Max 90 Ultra Infrared , the core PCE index is expected to rise 1.5 percent this year and 1.9 percent next year, separately lower than the 1.7-percent and 2-percent forecasts in June.


Despite the soft inflation, Fed officials still expect that there could be one more interest rate hike this year, and three more hikes in 2018.


The Fed has raised interest rates twice this year, separately in March and June. The market now widely expects the Fed might raise interest rate again in December.


Adam Posen, president of the Peterson Institute for International Economics Air Max 90 Ultra Essential , told Xinhua that the effects of monetary tightening will be much fewer this time than in the past, as the global economy is in a better shape now, and households and corporations have much fewer debts.


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WASHINGTON, Aug. 30 (Xinhua) -- The U.S. Department of Defense will establish a panel of experts to provide advice and recommendations for President Donald Trump's order that bans transgender individuals from joining the armed forces, a statement has said.


The Pentagon announcement came several days after Trump issued a formal memorandum on the issue Air Max 90 Premium , suggesting that the policy would go into effect on March 23, 2018.


Trump's directive gave Secretary of Defense James Mattis wide discretion to determine how to handle those people already enlisted, in accordance with criteria, including military effectiveness, budgetary concerns, and law.


"Once the panel reports its recommendations and following my consultation with the secretary of Homeland Security Air Max 90 Infrared , I will provide my advice to the President concerning implementation of his policy direction," Mattis said in the statement released late Tuesday.


Mattis, cautious about implementing the military transgender ban, added that existing policy on currently serving transgender troops would not change.


Trump announced last month the ban on transgender individuals serving the military "in any capacity" in a series of tweets that surprised Pentagon leaders, citing concerns over "tremendous medical costs and disruption" for their service.


The move is intended to reverse a 2016 plan by the previous administration that allows the military to have openly transgender recruits.


Civil rights groups and activists lashed out at the newly-announced ban, which drew bipartisan criticism in Congress. The American Civil Liberties Union filed a lawsuit on behalf of several transgender service members challenging Trump's policy.


A Pentagon-commissioned study in 2016 showed there are an estimated 1 Air Max 90 Essential ,320 to 6,630 transgender service members in the U.S. military.


It concluded that allowing them to serve openly would have a minimal impact on the readiness and health care costs of the 1.3-million-member military force of the United States.


Night view of 9th BRICS summit host city Xiamen


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