Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Fed’s Powell Gave an Upbeat Assessment on US Economy


July, 18 2018
watermark Economic news

The strong economic growth of the United States will help the central bank to maintain its gradual raise of interest rates, according to Fed Reserve Chair Jerome Powell on Tuesday. However, Powell also mentioned that Trump’s get-tough policy took risk of decreasing the future economic development if the state will agree to permanently increase tariffs.


The head of the Fed presented its monetary policy report to Congress and delivered a positive evaluation for the economy’s forecast. He stated that the economic performance is the reason to withdraw the “extra boost” the country implemented in the past to support the US growth from the Great Recession. While the plan to slow down the rate hike is “running smoothly, told by Powell. The central bank further anticipates for the labor market to maintain its strength and inflation would likely stay afloat the 2 percent target over the next few years.


Moreover, private economists believed that the remarks from Powell clearly indicates a hint that the central bank is hoping to sustain its presumed path for another two rate hikes this year.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.