The US economy is stronger than Fed members and many observers expect
Muhannad Al-Amaa, Managing Director of BEAM Capital, said that the recent US economic data, which includes retail sales, inflation and unemployment, reflects the solidity of the economy, but that these indicators witnessed seasonal adjustments in January.
Al-Amaa expected in an interview with Al-Arabiya that many fluctuations would occur in the economic data this year.
The blind suggested that the US Federal Reserve will continue to raise interest rates to levels higher than what the markets currently expect, explaining that the markets expect the Fed to stop at the level of 5%-5.25% for the interest rate.
The managing director of “Beam Capital” expected that there will be higher rates of interest rates this year, and the benefits will remain higher for a long time, and it is unlikely that the Fed will cut interest this year.