{"id":109265,"date":"2018-09-27T07:20:33","date_gmt":"2018-09-27T05:20:33","guid":{"rendered":"http:\/\/gazdasagportal.hu\/?p=109265"},"modified":"2018-09-27T07:20:59","modified_gmt":"2018-09-27T05:20:59","slug":"kamatot-emelt-a-fed-4","status":"publish","type":"post","link":"https:\/\/gazdasagportal.hu\/index.php\/kamatot-emelt-a-fed-4\/","title":{"rendered":"Kamatot emelt a Fed"},"content":{"rendered":"<p><strong>Kamatot emelt az amerikai jegybank szerep\u00e9t bet\u00f6lt\u0151 sz\u00f6vets\u00e9gi tartal\u00e9kbankrendszer (Fed) szerd\u00e1n, id\u00e9n imm\u00e1r harmadik, 2015 decembere, a kamatemel\u00e9si ciklus elindul\u00e1sa \u00f3ta pedig nyolcadik alkalommal.<\/strong><!--more--><\/p>\n<div class=\"ads-in-post1\"><div id=\"gazdasagportal.hu_fullbanner_wideboard\"><\/div>\r\n<\/div>\n<p>A Federal Reserve monet\u00e1ris d\u00f6nt\u00e9shoz\u00f3 test\u00fclete, a ny\u00edltpiaci bizotts\u00e1g (FOMC) a piaci v\u00e1rakoz\u00e1sokkal \u00f6sszhangban 25 b\u00e1zisponttal, 2,00-2,25 sz\u00e1zal\u00e9kra emelte az ir\u00e1nyad\u00f3 kamats\u00e1vot. A test\u00fclet ezt megel\u0151z\u0151en j\u00faniusban emelte ugyancsak 25 b\u00e1zisponttal a kamats\u00e1v sz\u00e9leit, augusztusban v\u00e1ltozatlanul hagyta.<br \/>\nA d\u00f6nt\u00e9s indokl\u00e1s\u00e1ban a gazdas\u00e1g j\u00f3 teljes\u00edtm\u00e9ny\u00e9t nyugt\u00e1zva a Fed meger\u0151s\u00edtette sz\u00e1nd\u00e9k\u00e1t a monet\u00e1ris szigor\u00edt\u00e1s folytat\u00e1s\u00e1ra a j\u00f6v\u0151 \u00e9vre is.<br \/>\nA Fed azonban most els\u0151 alkalommal hagyta ki d\u00f6nt\u00e9s\u00e9nek indokl\u00e1s\u00e1b\u00f3l a monet\u00e1ris politik\u00e1j\u00e1ra alkalmazott &#8222;alkalmazkod\u00f3&#8221; (accommodative) jelz\u0151t, jelezve ezzel, hogy a j\u00f6v\u0151ben sokkal ink\u00e1bb semleges, mint gazdas\u00e1g\u00f6szt\u00f6nz\u0151 vagy a t\u00falf\u0171t\u00f6tts\u00e9get f\u00e9kez\u0151 monet\u00e1ris politik\u00e1t k\u00edv\u00e1n folytatni.<br \/>\nA Fed jav\u00edtott n\u00f6veked\u00e9si el\u0151rejelz\u00e9s\u00e9n. Eszerint az id\u00e9n 3,1 sz\u00e1zal\u00e9kos GDP-n\u00f6veked\u00e9sre sz\u00e1m\u00edt a h\u00e1rom h\u00f3nappal ezel\u0151tt tett 2,8 sz\u00e1zal\u00e9kos progn\u00f3zis helyett. A j\u00f6v\u0151 \u00e9vi n\u00f6veked\u00e9si el\u0151rejelz\u00e9st 2,5 sz\u00e1zal\u00e9kra jav\u00edtotta 2,4 sz\u00e1zal\u00e9kr\u00f3l, a 2020-ason viszont nem v\u00e1ltoztatott, 2,0 sz\u00e1zal\u00e9kon hagyta. A Fed most els\u0151 alkalommal adott el\u0151rejelz\u00e9st a 2021-es n\u00f6veked\u00e9sre, 1,8 sz\u00e1zal\u00e9kot jel\u00f6lve meg a GDP b\u0151v\u00fcl\u00e9s\u00e9re.<br \/>\n<div class=\"ads-in-post2\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-6t+ed+2i-1n-4w\"\r\n     data-ad-client=\"ca-pub-1959107119989764\"\r\n     data-ad-slot=\"4008251320\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\nHasonl\u00f3k\u00e9ppen el\u0151sz\u00f6r tett el\u0151rejelz\u00e9st a 2021-es munkan\u00e9lk\u00fclis\u00e9gi r\u00e1t\u00e1ra vonatkoz\u00f3an is a Fed, amelynek 3,7 sz\u00e1zal\u00e9kra emelked\u00e9s\u00e9t v\u00e1rj\u00e1k a 2020-as 3,5 sz\u00e1zal\u00e9kr\u00f3l. A Fed megemelte az idei progn\u00f3zis\u00e1t is a munkan\u00e9lk\u00fclis\u00e9gi r\u00e1t\u00e1ra, a j\u00faniusban tett 3,6 sz\u00e1zal\u00e9kr\u00f3l 3,7 sz\u00e1zal\u00e9kra. A 2019-est viszont v\u00e1ltozatlanul 3,5 sz\u00e1zal\u00e9kon hagyta.<br \/>\nAz infl\u00e1ci\u00f3ra vonatkoz\u00f3an a Fed a j\u00faniusi progn\u00f3zisban 2,1 sz\u00e1zal\u00e9kot jelezett az idei \u00e9vre, a j\u00f6v\u0151 \u00e9vre \u00e9s 2020-ra egyar\u00e1nt. Ezt csak a 2019-es \u00e9vre vonatkoz\u00f3an m\u00f3dos\u00edtotta 2,0 sz\u00e1zal\u00e9kra \u00e9s 2,1 sz\u00e1zal\u00e9kos progn\u00f3zist tett 2021-re is.<br \/>\nA FOMC tagjainak el\u0151rejelz\u00e9sei alapj\u00e1n id\u00e9n m\u00e9g egy, j\u00f6v\u0151re pedig h\u00e1rom kamatemel\u00e9st terveznek. Ezt a felt\u00e9telezett kamatp\u00e1ly\u00e1t a d\u00f6nt\u00e9s mostani megsz\u00f6vegez\u00e9se is meger\u0151s\u00edti.<br \/>\nA ny\u00edltpiaci bizotts\u00e1g 2015 decembere el\u0151tt h\u00e9t \u00e9vig tartotta t\u00f6rt\u00e9nelmi m\u00e9lys\u00e9gben, z\u00e9r\u00f3 k\u00f6zeli szinten az alapkamatot, hogy ez\u00e1ltal \u00f6szt\u00f6n\u00f6zze a gazdas\u00e1gi n\u00f6veked\u00e9st \u00e9s felp\u00f6rgesse az infl\u00e1ci\u00f3t.<br \/>\n<strong><a title=\"Hely megnyit\u00e1sa\" href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/files\/monetary20180926a1.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.federalreserve.gov\/monetarypolicy\/files\/monetary20180926a1.pdf<\/a><\/strong><\/p>\n<p>&nbsp;<br \/>\n(MTI)<\/p><div id=\"gazda-3824732535\" class=\"gazda-tartalomban gazda-entity-placement\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-6t+ed+2i-1n-4w\"\r\n     data-ad-client=\"ca-pub-1959107119989764\"\r\n     data-ad-slot=\"4008251320\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kamatot emelt az amerikai jegybank szerep\u00e9t bet\u00f6lt\u0151 sz\u00f6vets\u00e9gi tartal\u00e9kbankrendszer (Fed) szerd\u00e1n, id\u00e9n imm\u00e1r harmadik, 2015 decembere, a kamatemel\u00e9si ciklus elindul\u00e1sa \u00f3ta pedig nyolcadik alkalommal.<\/p>\n","protected":false},"author":1,"featured_media":59667,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[146,246],"tags":[],"_links":{"self":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/109265"}],"collection":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/comments?post=109265"}],"version-history":[{"count":1,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/109265\/revisions"}],"predecessor-version":[{"id":109266,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/109265\/revisions\/109266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media\/59667"}],"wp:attachment":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media?parent=109265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/categories?post=109265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/tags?post=109265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}