\nEste a cincea reducere progresiv\u0103 din decembrie \u00eencoace a programului de relaxare monetar\u0103 cantitativ\u0103 derulat de Fed, reducere care, dac\u0103 va continua \u00een acela\u015fi ritm, se va \u00eencheia complet \u00een toamn\u0103. Rezerva Federal\u0103 a \u00eenceput s\u0103 scad\u0103 cu c\u00e2te 10 mld. dolari lunar ritmul cump\u0103r\u0103rilor de obliga\u0163iuni din decembrie 2013 de la nivelul ini\u0163ial de 85 mld. dolari, cu scopul de a dezobi\u015fnui de stimulentul monetar economia american\u0103 \u015fi mai ales pie\u0163ele financiare, care au beneficiat aproape constant de programe de relaxare monetar\u0103 cantitativ\u0103 din 2008 \u00eencoace. Rezultatul concret al acestor programe a fost c\u0103 totalul activelor de\u0163inute de Fed s-a umflat de la mai pu\u0163in de 1.000 mld. dolari \u00een 2008 la peste 4.000 mld. dolari \u00een prezent, iar indicii bursieri au b\u0103tut record dup\u0103 record – indicele Dow Jones, de pild\u0103, a crescut numai anul trecut cu 26%, cea mai mare cre\u015ftere \u00een 18 ani.<\/p>\n
\nYellen a precizat \u00eens\u0103 c\u0103 ratele dob\u00e2nzilor vor r\u0103m\u00e2ne aproape de zero “pentru o perioad\u0103 considerabil\u0103” \u015fi dup\u0103 \u00eencheierea programului de cump\u0103r\u0103ri de obliga\u0163iuni, \u00een func\u0163ie de evolu\u0163ia economiei. \u00cen privin\u0163a infla\u0163iei, estim\u0103rile Fed sunt c\u0103 aceasta va r\u0103m\u00e2ne la 2% sau sub \u0163inta de 2% p\u00e2n\u0103 la finele lui 2016, \u00een paralel cu o cre\u015ftere a economiei pe parcursul lui 2015 spre 3-3,2%, fa\u0163\u0103 de 2,2% \u00een acest an, \u015fi cu o ameliorare treptat\u0103 a condi\u0163iilor de pe pia\u0163a muncii.<\/p>\n","protected":false},"excerpt":{"rendered":"
Pre\u015fedintele Rezervei Federale a SUA, Janet Yellen, a justificat reducerea \u00een continuare a ritmului lunar al cump\u0103r\u0103rilor de obliga\u0163iuni de c\u0103tre institu\u0163ie cu \u00eenc\u0103 10 mld. dolari, la 35 mld. dolari \u00eencep\u00e2nd din iulie, afirm\u00e2nd c\u0103 activitatea economic\u0103 “\u015fi-a revenit \u00een ultimele luni”.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[9323,368,188,184,35487,369,196,8193,8790,37200,8884,106],"class_list":["post-108396","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-active","tag-burse","tag-economie","tag-inflatie","tag-janet-yellen","tag-obligatiuni","tag-piata-muncii","tag-piete-financiare","tag-politica-monetara","tag-relaxare-cantitativa","tag-rezerva-federala","tag-sua"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/108396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=108396"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/108396\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=108396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=108396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=108396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}