Fed links to jobs data to rule out recession
The week ending has been protected by decisions of central banks and
hike in interest rates
To prevent the rise in prices around the world.
The latest announcement from the US Federal Reserve resulted in a second hike of 75 basis points to control inflation.
Meanwhile, the US economy has shown a new sign of fatigue due to the macroeconomic situation and
in monetary policy
The GDP of the United States has contracted for the second consecutive quarter, showing that the world’s leading power
has gone into tech bankruptcy.
However, the United States Federal Reserve (Fed) doesn’t see it that way. “When something ‘doesn’t fit’ with political interests, its name or definition is changed.
We’re not technically going to assess whether the US is already in a recession, as in the rest of the major developed economies,
it’s slowing down fast
“, point the link’s analyst, Inigo Isardo.
Employment figures for June (372,000 new jobs) have so far been one of Fed Chairman Jerome Powell’s nails to continue raising rates without talking of a recession in the United States.
2.7 million new employees
Not a recession in the first quarter,” he said. He elaborated this week that his goal is to
OPEC+, on the other hand, will meet with Russia on August 1 to reach an agreement.
If they increase the rate of oil pumping
More than initially agreed.