12 Hrs
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الاقتصادية
Vors anticipates US economic resilience
The US Federal Reserve Chairman, Kevin Wurch, affirmed that the US economy demonstrates strength and resilience. He reiterated that he has not provided clear hints about the future path of interest rate hikes. He pointed out that most global economies are moving toward tightening monetary policies to combat inflation, despite ongoing geopolitical challenges. However, he emphasized that the United States remains committed to achieving price stability. It is expected that the Federal Reserve will not decide to raise interest rates in October, as it continues to rely on economic data to assess inflation. Optimistic about the US economy’s ability to withstand shocks and grow, he highlighted its resilience and investments as key factors supporting its role as a driver of global economic growth.
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