On Wednesday there was a drop in the us dollar after consumer prices showed sluggish inflation.
Excluding perishable food and energy, consumer prices in November rose 0.1 percent, while the annual growth of the basic index of consumer prices slowed to 1.7 percent in November from 1.8% in October.
The dollar index against six major currencies fell to 93,888 item, a decrease of 0.23% for the day.
The described changes have become a cause for concern. After the implementation of the new tax plan of presidential administration in these figures can have a significant impact on the economy, not the best way. However, the fed is looking at the situation with optimism. This is evidenced by the increase in the key Federal funds rate by 0.25 percentage points to 1.25-1.5% per annum. This is the fifth rate hike in 2015, which suggests that the US economy emerged from the crisis.
The head of the us fed Janet Yellen said that there is no reason to fear the deterioration of the economy. The first and second quarters of this year showed stable growth rate of 3%, inflation in the third quarter – only due to previous U.S. hurricanes. Further, the situation is gradually equalized, and the economy will continue to expand, says Yellen. Also, the fed chief expressed hope for the strengthening of the labour market in the near future and greater wage growth.
