Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
2nd May 2019 - The Fed's resilience sent the Greenback higher
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Walid Salah Eldin, post: 163802, member: 36836"] The Fed's resilience against Trump's administration argument for cutting the interest rate could boost the greenback across the broad sending the UST yields up and Gold down amid lower risk appetite. The Fed seemed to the markets yesterday having no will to change its adopted patience stance meanwhile shrugging off the increasing expectations of having interest rate cut by the end of this year. The Fed has seen that the US economy is slowing down but it is still strong and it has no worries about it to figure it out in its economic assessment. The Fed's chief looked more optimistic than expected by telling during his press conference following the FOMC meeting that the signs of global economic weakness that prompted concern in March had partly subsided. "[U]March[/U]" when the Fed lowered its growth and inflation forecasts and expected no interest rate hike this year. The Fed appreciated also the current lower inflation pressure, but it was also optimistic about its outlook proposing that likely to be "[B]transitory[/B]". It has maintained its consideration of the labor market continued improvement which is still pushing up the labor costs and building up wages inflation pressure. The Fed's chief underscored yesterday The Fed's strong commitment to its 2% yearly inflation goal expecting the inflation to rise eventually over time and if it is to persist below this target, The Fed is to address about it. The Fed's chief Jerome H. Powell tried to be more obvious about the Fed's current stance by telling that [U]We don’t see a strong case for moving in either direction[/U]. The conclusion we have got yesterday from that meeting that the Fed is still courageous enough to refrain from cutting rates or sending signal about coming cutting rates, despite Trump's demands, the equities markets participants' speculations, the weaker pace of economic expansion and lower inflation rates. The Fed's assessment came yesterday, after PCE core figure which is the Fed's favorite inflation barometer has shown in the beginning of this week yearly rising in March by only 1.6% scoring its weakest rate or rising since February 2018. After US GDP figure released last Friday to show annual growth rate by 3.2% in the first quarter beating the median forecast which was referring to only 2% expansion, following growth by 2.2% in the last quarter of last year. Have a good day Kind Regards Global Market Strategist of FX-Recommends Walid Salah El Din [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…