1/29/2025–|Last update: 1/29/202510:13 PM (Mecca time)
The (US Central) was installed at a level between 4.25% and 4.5% in the first meetings of the Central Bank of the Bank for this year, ignoring Trump’s criticism and demanding interest.
Only a few signals were given about the following discounts in borrowing costs.
After months, during which the inflation data remained unchanged, the US Central Bank abandoned the tone of its latest statement when he said that inflation “made progress” towards the goal of the 2% set by the council, and indicated only that the pace of price increases “is still high.”
The Ministry of Labor Statistics Office said that the consumer price index rose 0.4% last month, after it increased 0.3% in November.
During 12 months until December, the index rose 2.9% after increasing 2.7 last November.
The re -inflation process to the US Central Bank’s goal faced 2% obstacles in the second half of last year.
The Federal Reserve expected a lower rate of interest rates this year due to the durability of the economy and the threat of the elected president with an increase on imported goods and the public migrant deportation collectively.
All these measures are expected to be lifted from inflation.
Producers prices
Producers prices increased in 0.2% last month after an increase of 0.4% on a non -average basis in November 2024.
The US Department of Labor’s Labor Statistics Office said that the producers’ price index for the final demand increased 0.2% last month after an increase of 0.4% on a non -average basis in November.
During 12 months until December, the growth of the product price index accelerated 3.3% after its 3% increase in its previous November.
Trump’s criticism
US President Donald Trump said last week after assuming the presidency 3 days that he would ask to reduce the interest rate immediately and that other countries should follow his example, in the first criticism of the monetary policies of the American Federalism.
“With the drop in oil prices, I will ask to reduce the interest rate immediately, and the ideals must decrease all over the world,” Trump added at the World Economic Forum in Davos, Switzerland.
