US Fed cuts interest rates for second time this year in divided vote

U.S. Federal Reserve on Wednesday lowered interest rates for the second time this year amid growing risks and uncertainties stemming from trade tensions and a global economic slowdown.

The Federal Open Market Committee (FOMC), the Fed’s rate-setting body, trimmed the target for the federal funds rate by 25 basis points to a range of 1.75 percent to 2 percent after concluding its two-day policy meeting, following a rate cut in late July that was its first in more than a decade.

Trade policy uncertainty

Despite strong labor market and robust growth in household spending, “business fixed investment and exports have weakened,” the FOMC said in a statement.

“On a 12-month basis, overall inflation and inflation for items other than food and energy are running below 2 percent,” the central bank’s inflation objective, it said.

“The main reasons appear to be slower growth abroad and trade policy developments — two sources of uncertainty that we have been monitoring all year,” Fed Chairman Jerome Powell told reporters at a press conference Wednesday afternoon.

“Trade policy tensions have waxed and waned, and elevated uncertainty is weighing on U.S. investment and exports,” said the U.S. central bank chief, who also noted that monetary policy can counteract weakness to some extent, but “there’s a piece of this that we really can’t address.”

“We need to look through what’s a pretty volatile situation,” said Powell. “That means, not overreacting quickly, it means not underreacting too. That’s what we’re trying to do.”

Bill Dudley, former president of the Federal Reserve Bank of New York, said earlier this month that the central bank needs to be “cautious” that it does not “inadvertently enable the president’s trade war with China.”

U.S. President Donald Trump again lashed out at the central bank shortly after the rate cut announcement, saying in a tweet that “Jay (Jerome) Powell and the Federal Reserve Fail Again. No ‘guts,’ no sense, no vision! A terrible communicator!” The president has repeatedly demanded a larger cut.

In response to a question regarding Trump’s comment, Powell reaffirmed the central bank’s independence. “I assure you that my colleagues and I will continue to conduct monetary policy without regard to political considerations. We’re going to use our best judgment based on facts, evidence and objective analysis in pursuing our goals,” he said.

Growing divide within Fed

Three of the 10 members of the committee voted against the quarter-point rate cut decision, highlighting growing split among monetary policymakers. “The last time we saw three dissenting votes occurred in September 2016,” said Diane Swonk, chief economist at Grant Thornton, a major accounting firm.

As in July, Federal Reserve Bank of Boston President Eric Rosengren, and Kansas City Fed President Esther George “preferred” to maintain the target range for the federal funds rate at the previous level. St. Louis Federal Reserve President James Bullard, meanwhile, demanded a larger cut, by 50 basis points.

When asked about how he viewed the divided opinions, Powell said at the press conference that this is difficult judgement, and such divisions are “nothing but healthy.”

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Shaanxi Jingtai Cooperation Laser technology Co.,Ltd

Shaanxi Jingtai Cooperation Laser technology Co.,Ltd

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We are as a long history as a laser Marking/Cutting/Welding/Cladding manufacturer in China.

Continuous welding of corner joints
Identification point
Path simulation
Adaptive transformation welding gun posture
Ensuring consistent and uniform welding
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1 day ago

30 CommentsComment on Facebook

Please send offer for this solution

Does this know exactly where the weld joint is and adjust to it? What happens if you were to zero it slightly wrong? Or the piece were to move slightly

Pls offer for me the price!

Where can you consult about that machine?

Can I get a price for the Robot. Thanks

Giá tnao vậy bạn

Wow that weld looks like rubbish and slow not to mention the unequal leg length best leave it to the real welders

That is not a good weld at all ……

Give me a quotation please!

Just say that you can't weld

Takes longer to set up than weld that thing for a maybe even prettier weld

Hasta las huevas ese cordon , esta en el suelo y abultado , a los latinos los estan engañando , el soldador debe esforzarse para sacar el cordon en 45 grados y no asi como estan enseñando estos empiricos

أخي كم تمنه

How much

aszimmetrikus a hegeszési varrat és hideg kötéses.

Me queda mejor a mano y con la zurda

Non riuscendo ad impostare le varie velocità di esecuzione mi chiedo che affidabilità potrebbe avere questa soluzione rispetto alla programmazione tramite pulsantiera,con le varie impostazioni, velocità di esecuzione ad ogni step, apertura e chiusura arco, ampere, volt, lineare, circolare, wiving ecc ecc la trovo alquanto minimal pochi tasti di memorizzazione

Hay que ser programador

Areo tuku limo.ndek endi tokone yoo

I can do better free hands

Robot makes more mistakes than a qualified human welder 😂😂 china must stop trying to take away people jobs just becuase they think they are clever

A svářeči nebudou mít co žrát 🤔😒

Pengen punya alat spt itu, mahal gak ya 🙏

Gwenaël Lacombe

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2 days ago

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4 days ago

Elfin Collaborative Robots:
Detailed Overview and Specifications
The Elfin collaborative robots (cobots) are modular, highly flexible automation solutions with multi-degree-of-freedom (6-DOF) capabilities, ideal for industries requiring precision, adaptability, and collaborative functionality. These cobots stand out for their compact dual-joint design, allowing efficient motion paths, high repeatability, and ease of integration with other systems.
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6 days ago

26 CommentsComment on Facebook

4 guys 1 working 3 watching two on the phone. Must be a union shop

Please send me a quote

It costs roughly 30% more in the United States to hire a computer/g code programmer than it does a welder.

Giá tnao vậy bạn

It took a welder to set it up

5 men watching a robot !!

And on their phone!!

Pour 20 cm de soudure 1machine, 4personnes la soudure coûte cher.

Long time to prgm, faster manuell

Giá tnao vậy bạn

Lamentablemente su presicion es muy importante x pero un operador es más rápido y eficiente con el siguiente paso flach y

So ya got a robot and 4 people? Hmmmm. I don't see the savings there.

K phu hop.han tay

Tutti bravi con il robot,,,,, a mano si salda 😛😛😛😛

Čo tam toľko do toho jebes?

Inovasif

Union shop

Ne şimdi ,kaynakçı hızında çalişiyor,filim röntgen de cacık olursa kim kazançli

Jelmer Kinderman

Landon Austin

Real Welder Would Have Completed All the Butt's In The Time It Takes To Set This Up to weld !

My name is MK LIM. We interesting. Please sending different specs and contact me via WhatApp +660897071724

Hahahahahha……it's all a joke

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