The Federal Reserve issued a statement after the end of the monetary policy meeting on the same day, saying that information since November shows that the US job market continues to be strong and economic activity is expanding steadily. Recent data show that US household consumption
U.S. economy has sounded a recession alarm. Economists believe that the current low unemployment rate and rising inflation rate in the United States will induce the Fed to raise interest rates to cool the overheated economy. This will frustrate investor and consumer confidence and trigger the US