Average price of imported products in the USA rises slightly
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Average price of imported products
Last February, the US saw the prices of imported products rise. However, this was a marginal increase, that is, there was an increase in the costs of petroleum products and their derivatives, but this was partially offset by the decrease in the prices of other products less directly linked to oil. According to analysts, this represents a good indication for inflation prospects. Prices of imported products grew by an average of 0.3% last month, lower than the small increase of 0.8% in January.
The Marriner S. Eccles building, headquarters of the FED, in Washington, DC ((Photo: reproduction/Moriah Ratner/Bloomberg/Getty Images)
Inflation, interest rates and imports
Inflation has been a concern for the American economy since 2020, with these first months of 2024 being a breather for the American economy as it once again has numbers representing an economy that has been improving. Among them is the analysis of the last 12 months up to February and the fluctuation in import prices during this period: prices fell 0.8% after falling 1.3% in January, while the price of all imports, excluding fuel and food, fell around 0.7%; Fuel prices, in turn, rose 1.8% in February, while food prices increased 1.1%.
The FED and the market
One of the actions taken by the FED (Federal Reserve, the Central Bank of the USA) to control the growing inflation in the country since 2020 was to increase the interest rate to the range of 5.25% and 5.5%. However, this directly affects the cost of loans, generating pressure from financial markets for the FED to lower interest rates. However, with the American economy improving in recent months and based on what was said at its last meeting, the institution’s vision is that this is a time for “caution”, since changing interest rates now could hinder the entire economic recovery process, especially in an election year.
Featured Photo: Jerome Powell, president of the FED (Reproduction/Anna Moneymaker/Getty Images)
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Last February, the US saw the prices of imported products rise. However, this was a marginal increase, that is, there was an increase in the costs of petroleum products and their derivatives, but this was partially offset by the decrease in the prices of other products less directly linked to oil. According to analysts, this represents a good indication for inflation prospects. Prices of imported products grew by an average of 0.3% last month, lower than the small increase of 0.8% in January.
The Marriner S. Eccles building, headquarters of the FED, in Washington, DC ((Photo: reproduction/Moriah Ratner/Bloomberg/Getty Images)
Inflation, interest rates and imports
Inflation has been a concern for the American economy since 2020, with these first months of 2024 being a breather for the American economy as it once again has numbers representing an economy that has been improving. Among them is the analysis of the last 12 months up to February and the fluctuation in import prices during this period: prices fell 0.8% after falling 1.3% in January, while the price of all imports, excluding fuel and food, fell around 0.7%; Fuel prices, in turn, rose 1.8% in February, while food prices increased 1.1%.
The FED and the market
One of the actions taken by the FED (Federal Reserve, the Central Bank of the USA) to control the growing inflation in the country since 2020 was to increase the interest rate to the range of 5.25% and 5.5%. However, this directly affects the cost of loans, generating pressure from financial markets for the FED to lower interest rates. However, with the American economy improving in recent months and based on what was said at its last meeting, the institution’s vision is that this is a time for “caution”, since changing interest rates now could hinder the entire economic recovery process, especially in an election year.
Featured Photo: Jerome Powell, president of the FED (Reproduction/Anna Moneymaker/Getty Images)
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Last February, the US saw the prices of imported products rise. However, this was a marginal increase, that is, there was an increase in the costs of petroleum products and their derivatives, but this was partially offset by the decrease in the prices of other products less directly linked to oil. According to analysts, this represents a good indication for inflation prospects. Prices of imported products grew by an average of 0.3% last month, lower than the small increase of 0.8% in January.
The Marriner S. Eccles building, headquarters of the FED, in Washington, DC ((Photo: reproduction/Moriah Ratner/Bloomberg/Getty Images)
Inflation, interest rates and imports
Inflation has been a concern for the American economy since 2020, with these first months of 2024 being a breather for the American economy as it once again has numbers representing an economy that has been improving. Among them is the analysis of the last 12 months up to February and the fluctuation in import prices during this period: prices fell 0.8% after falling 1.3% in January, while the price of all imports, excluding fuel and food, fell around 0.7%; Fuel prices, in turn, rose 1.8% in February, while food prices increased 1.1%.
The FED and the market
One of the actions taken by the FED (Federal Reserve, the Central Bank of the USA) to control the growing inflation in the country since 2020 was to increase the interest rate to the range of 5.25% and 5.5%. However, this directly affects the cost of loans, generating pressure from financial markets for the FED to lower interest rates. However, with the American economy improving in recent months and based on what was said at its last meeting, the institution’s vision is that this is a time for “caution”, since changing interest rates now could hinder the entire economic recovery process, especially in an election year.
Featured Photo: Jerome Powell, president of the FED (Reproduction/Anna Moneymaker/Getty Images)
Average price of imported products
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