Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
The Public Relations Department of the Islamic Revolution Guard Corps: The security of the Islamic Republic of Iran is the red line for the armed forces.
The Public Relations Department of the Islamic Revolution Guard Corps: The enemy failed to withstand the waves of missile attacks launched by the Islamic Republic of Iran.
The Public Relations Department of the Islamic Revolution Guard Corps: Testimonies and satellite imagery show that dozens of missiles launched by Iran hit their targets accurately.
The Public Relations Department of the Islamic Revolution Guard Corps: We targeted the military industrial centers used by the Zionist regime's army to produce missiles.
The Public Relations Department of the Islamic Revolution Guard Corps: We targeted the Israeli military centers and air bases that attacked our country.
US military official to Al Mayadeen: I can confirm that the United States is helping in the interception of the missiles targeting ["Israel"].
Russia's envoy to UN: UK colluded with "Israel" by hiding attack aircraft in Cyprus airbase.
Axios: The US is helping ["Israel"] intercept incoming ballistic missiles, according to an Israeli official and a senior US official.
Footage confirms Iran's missiles struck Israeli Security Ministry.
Israeli media: A number of soldiers were injured in Nevatim Airbase.

Geopolitical tensions risk for world economy, US inflation 'too high'

  • By Al Mayadeen English
  • Source: Agencies
  • 19 Oct 2023 21:01
2 Min Read

The Federal Reserve Chair Jerome Powell pointed out that compared to a year ago, inflation had drastically decreased.

  • x
  • Federal Reserve Chairman Jerome Powell speaks during a meeting at the Federal Reserve Board Building, Thursday, Sept. 28, 2023, in Washington. (AP)
    Federal Reserve Chairman Jerome Powell speaks during a meeting at the Federal Reserve Board Building, Thursday, Sept. 28, 2023, in Washington (AP)

The Federal Reserve Chair Jerome Powell stated on Thursday that geopolitical tensions are a risk to the world economy and that their effects are still "highly uncertain."

"Speaking for myself, I found the attack on Israel horrifying, as is the prospect for more loss of innocent lives," he said during a conference in New York.

Powell implied that a fresh increase in interest rates was possible since US inflation is "still too high" despite a recent decrease.

He went on to say that more proof of "persistently above-trend growth" or new labor market tightness "could warrant further tightening of monetary policy."

Related News

Israeli strikes on Iran could help Trump make a deal: Axios

US shifts resources in Middle East after Israeli attack

US inflation hikes in July for first time in 13 months

The US experienced a rise in inflation in July for the first time in over a year, even as the Federal Reserve continued its gradual move toward the highest interest rates seen in decades. Nevertheless, some economists are highlighting more positive indicators within the latest economic report.

The Consumer Price Index (CPI) released by the US Bureau of Labor Statistics (BLS) on Thursday revealed a 3.2% increase in the overall cost of consumer goods in July 2023 compared to July 2022. This marked the first instance of inflation increasing in 13 months, following a 3% increase in June.

In the previous month's meeting, the US central bank, the Federal Reserve, raised interest rates by a moderate degree, bringing them to their highest level in 22 years. Given the Federal Reserve's aim to keep US inflation under 2%, the logical expectation might be for more interest rate hikes to counter rising inflation. However, some financial experts are suggesting a more intricate scenario.

Laura Rosner-Warburton, a senior economist at the research firm MacroPolicy Perspectives, remarked, "This report contains indications that disinflation may continue. It implies that we may be at or very close to the peak in interest rates."

Other economists interviewed by US media are focusing on the "core" inflation index, a component of the BLS report that excludes food and fuel prices due to their volatile nature. The core inflation rate for July came in at 4.7%, slightly lower than June's 4.8%.

  • United States
  • Global economy
  • US inflation
  • geopolitical influence
  • jerome powell

Most Read

The logo of the Iranian Ministry of Intelligence (wikidata)

Iran acquired thousands of sensitive Israeli documents: Exclusive

  • Politics
  • 7 Jun 2025
'Israel' launches major strike against Iran's nuclear program

'Israel' launches massive aggression on Iran

  • MENA
  • Today
Iranian demonstrators walk on a caricature of the Israeli Prime Minister Benjamin Netanyahu during the annual Quds Day rally in support of Palestinians, in Tehran, Iran, Friday, March 28, 2025 (AP)

Iran hits 'Israel' hard without arms; intel breach lays Tel Aviv bare

  • Politics
  • 7 Jun 2025
The flag of the International Atomic Energy Agency flies in front of its headquarters during an IAEA Board of Governors meeting in Vienna, Austria, Wednesday, Nov. 22, 2023. (AP)

Tehran unravels documents exposing secret IAEA-'Israel' collusion

  • Politics
  • 12 Jun 2025

Coverage

All
War on Gaza

Read Next

All
Global condemnations mount against Israeli aggression on Iran
Politics

Global condemnations pour in against Israeli aggression on Iran

President Donald Trump attends the UFC 316 mixed martial arts event Saturday, June 7, 2025, in Newark, New Jersey (AP)
MENA

US denies role in attacks on Iran, yet vows to defend 'Israel'

Vehicles drive past an anti-Israeli banner showing missiles being launched, in a square in downtown Tehran, Iran, Friday, April 19, 2024. (AP)
Politics

Political, military Iranian figures vow revenge, slam US complicity

AEOI condemns IAEA silence after Israeli aggression on nuclear site
Politics

AEOI slams IAEA's silence despite Israeli aggression on nuclear site

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS