US, Federal Reserve lowers interest rate/ Fed's decision aims to curb weakening labor market
The U.S. Federal Reserve cut interest rates by 0.25 percentage points and signaled it will continue to gradually lower them for the rest of the year. The move came in response to concerns about a weakening labor market and was supported by most of President Donald Trump's appointees to the central bank.
The rate cut, the first by the Federal Open Market Committee since December, brought the benchmark interest rate to a range of 4.00%–4.25%. New projections suggest two more 0.25 percentage point cuts at the next two policy meetings this year. The move suggests that Fed officials no longer see inflation as the main risk and are now more concerned about the economic slowdown and rising unemployment.
In a press conference after the meeting, Federal Reserve Chairman Jerome Powell said that “in the near term, risks to inflation are higher, while those to employment are on the downside, a challenging situation for monetary policymakers.” He emphasized that “demand for labor has declined and the pace of job creation is below the level needed to keep the unemployment rate stable.”
New economic projections show that inflation at the end of the year will remain at 3%, still well above the Fed's 2% target, a forecast that remains unchanged from June. Unemployment is forecast to remain at 4.5%, while economic expansion has been revised slightly upward, from 1.4% to 1.6%.
Following the announcement, stock markets briefly rose before falling again. The dollar strengthened against its major trading partners, while government bonds were largely unchanged. Futures markets now price another rate cut at the Federal Reserve's next meeting in late October at over 90%.
US, over 200 billion USD investments in Britain/ Trump-Starmer meeting, focus on global political issues
US President Donald Trump will meet with British Prime Minister Keir Starmer for talks aimed more at global political issues, as well as economic investment......
"Tax liabilities older than 10 years are forgiven"/ From Fiscal Peace to 30 billion lek per year in tax revenues, Rama 4's objectives
Tax liabilities older than 10 years will be forgiven and a new scheme for repaying debts of the last 10 years with reduced percentages will be implemented......
3 tourist marinas and an airport in Gjirokastra/ 2025-2029 Program for port and airport infrastructure
The construction of the new Commercial Port in Porto Romano, 3 tourist marinas for Saranda, Vlora and Cape Rodoni, as well as the operation of the airports......
Rritje e auto-faturimit të fermerëve në 19 mln euro/ Tatimet: 57% më shumë fermerë aktivë në sistem
Administrata Tatimore ka raportuar një rritje të dukshme në procesin e auto-faturimit të fermerëve, në krahasim me të njëjtën periudhë të një viti më parë.......
Rama's speech in Parliament: The digital revolution will extend further into other fields
Parliament, speech by Prime Minister Edi Rama Honorable Parliament of Albania! Dear friends and guests! Let me begin by expressing my best wishes for the......
"100 electric buses in operation"/ Innovation in the government program: The state-owned company MobAl will be established
"National Public and Green Transport Network" is one of the points of the government program for Modern Infrastructure, part of the second pillar......
The Assembly approves with 82 votes in favor the Program and composition of the Rama 4 Government
Although a marathon session was announced in the Parliament, the opposite happened. In less than 30 minutes, after Prime Minister Edi Rama spoke, the......
The government program is approved with 82 votes in favor.
After the session resumed, Prime Minister Edi Rama was again not allowed to deliver his speech. MP Gazment Bardhi addressed the rostrum as soon as Rama stood......
