Isfahan in the name of god, the merciful, the merciful. Greetings, dear viewers, ladies and gentlemen, magazine. Football is proud to present you. The problem of hosting iran and saudi teams has been resolved. After the agreement of the iranian and Saudi Football Federations , after 7 years , the countrys national and Club Football teams can host in their own soil, thus persepolis nasaji team and iranian soldiers in Asian Champions League competitions in iran against anas al hilal and al ittihad of saudi arabia. Also, today in riyadh, the president s of the iran and Saudi Football Federations signed a memorandum of cooperation. Communication with mr. Mehdi taj, the president of the Saudi Football Federation and riyadh , ayat salaam, i am happy with this conversation. To serve you and the viewers of khabar network. I offer greetings, courtesy and respect. I am at your service. It went well. Finally, the hosting problem should be resolved, even if it is not from the beginning, political
From a 2 e decline forecast in june. Unemployment falls 4. 1 in the next two years. Inflationerm level of and full employment remains. In the statement, fed officials suggest hurricanes will not have a longterm impact on the overall economy. Hurricanes harvey, irma, andrea has devastated communities conflicting severe hardship and rebuilding will affect Economic Activity in the near term. Passive experience suggest storm is unlikely to alter the course of the National Economy over the medium term. They will affect prices. Higher prices for gasoline will likely boost inflation temporarily. Remain 2 xpected to in the near term. Back tosay it will come the target. As expected, the announcement would be october 9 and treasuries will be announced as well october 21. We can do this with Jeffrey Rosenberg mike, let me go to you first. The reduced inflation along with real gdp is the Macro Economic advisers as a runway to 1. 7 percent, the third quarter. Is this a subpar American Economy, is i
The target range for the federal funds rate at 1 to 1. 25 . His accommodative policy should support some further strengthening in the job market and return to 2 inflation, consistent with our statutory objectives. We also decided that in october we will begin the Balance Sheet Normalization Program that we outlined in june. This program will reduce our Securities Holdings in a gradual and predictable manner. I will have more to say about these decisions shortly, but first, i will review rate recent Economic Development in the outlook. As we expected, smoothing through some variation from quarter to quarter, Economic Activity has been rising moderately so far this year. Household spending has been supported by ongoing strength in the job market. Business investment has picked up and exports have shown greater strength this year, in part reflecting improved Economic Conditions abroad. Overall, we expected the economy will continue to expand at a moderate pace over the next few years. In
Consider the until this year, the reasons why inflation was low are not hard to understand. Its a combination of slack in the labor market, declines in energy prices, and a strong dollar that pulled down import price inflation. So, whats important in determining inflation Going Forward is Inflation Expectations by some, by many, by some survey measures of professional forecasters, those have been rock solid. We do also look at household expectations, which have come down some. Marketbased measures of inflation compensation as we mentioned in the statement, they have declined and theyve been stable in recent months, but theyve declined to levels that are low by historical standards. That might suggest that Inflation Expectations have come down, but when cant get a clear read, there are risk premia built into inflation compensation that make it impossible to extract directly what exactly Inflation Expectations are. So you know, there is a miss this year. I cant say i can easily point to
If you go back to say 2013 and consider the until this year, the reasons why inflation was low are not hard to understand its a combination of slack in the labor market, declines in Energy Prices and strong dollar that pulled down import price inflation. So, whats important in determining inflation Going Forward is Inflation Expectations by some by many of professional forecasters those have been rock solid we do also look at Household Expectations which have come down some. Marketbased measures of inflation compensation as we mentioned in the statement, they have declined, and they have been snabl recent months, but they have declined to levels that are low by historical standards. That might suggest that Inflation Expectations have come down, but, when cant get at clear read, there are risk built in to inflation compensation that make it impossible to extract directly with Inflation Expectations are so, you know, there is a miss this year. I cant say i can easily point to a sufficien