Fed notes business investment slowdown

Business | 9 Nov 2018 10:11 am

The US Federal Reserve on Thursday downgraded its assessment of business investment spending, observing that it had slowed from its pace earlier in the year.

The Fed did not specify any risks to the economy it perceives. Analysts will be studying the minutes of this week’s meeting, to be released in three weeks, for any insight into economic threats Fed policymakers may see, such as the trade war between the United States and China.

In deciding how fast or slowly to keep raising rates, the Fed will be monitoring the pace of growth, the job market’s strength and gauges of inflation for clues to how the economy may evolve in the coming months. The brisk pace of economic growth — a 3.5 percent annual rate in the July-September quarter, after a 4.2 percent rate in the previous quarter — has raised the risk that inflation could begin accelerating.-AP

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