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WASHINGTON cheap nike air force 270 purple mens , Nov. 29 (Xinhua) -- Federal Reserve Bank of San Francisco President John Williams said on Wednesday that he expected the central bank would continue to raise interest rates slowly in 2018.


"As long as the data continue to show steady growth and we see the uptick in inflation that we' re expecting, my own view is that we should continue to raise interest rates slowly over the coming year," said Williams in remarks at the 54th Annual Economic Forecast Luncheon in Phoenix, Arizona.


According to local media report, he told reporters that he expected four rate hikes from now through the end of next year cheap nike air force 270 purple , which is in line with the quarterly economic forecast released by the Fed in September. The forecast showed that Fed officials expected one rate hike in December and three more in next year.


He warned that keeping interest rates low could undermine the sustainability of economic expansion and create conditions that could lead to a recession.


According to his forecast, the U.S. economy is expected to grow 2.5 percent this year, and then slow down toward its trend pace over the next few years.


He expected the job market will continue strong growth momentum, with the unemployment rate to fall to 3.75 percent in 2018. Currently, the U.S. unemployment rate stood at 4.1 percent cheap nike air force 270 red womens , already 17-year low.


In regard to recent low inflation, Williams said that the recent price drops in pharmaceuticals, airline tickets, cell phones and education have hold down the inflation. He expected the inflation will rise in 2018 with the continued economic expansion.




MADRID, July 28 (Xinhua) -- Spain's consumer prices rose by 1.5percent in June when compared with the same month of a yearearlier cheap nike air force 270 red mens , according to advanced data of the Consumer Price Index(CPI), Spain's Statistical Office (INE) reported on Friday.


The figure is the same as the one reported in June, whenconsumer prices had also risen 1.5 percent. The INE said the figureis the result of stable prices of food and non alcoholic drinks,adding that prices of fuels decreased less in July this year thanin the same month of 2016.


Spain's consumer prices have been rising for 11 consecutivemonths on a year-on-year basis after having registered negativerates for eight months in a row.


On a month-to-month basis, prices fell by 0.7 percent from Juneto July cheap nike air force 270 red , the INE said, which will confirm this data at thebeginning of August when it will provide more detailed informationabout the evolution of prices. Enditem


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