The Fed is ready to lower rates to support the economy

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Against the background of increased uncertainty regarding forecasts for the US and world economy, the Federal Reserve announced that, if necessary, it would be ready to move to lower interest rates. The Fed notes a slowdown in US GDP growth in the second quarter, a weakening of companies' investment in economic growth, as well as negative indicators of export orders. Import and export are negatively affected by trade disputes, their volumes have decreased after the introduction of duties. At the same time, the regulator indicates that inflation remains below the target level due to the influence of temporary factors. Production activity and trade both in the world and in the USA is declining due to the decline in global sales of technology products. Studies conducted by the Fed have shown that it is American importers who bear the greatest losses associated with the introduction of new duties.

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