- Analytics
- News and Tools
- Market News
- Fed Preview: Powell to be less sanguine about growth outlook – ANZ
Fed Preview: Powell to be less sanguine about growth outlook – ANZ
Analysts at Australia and New Zealand (ANZ) banking group “expect the Fed to hike by 75bp at its meeting this week.”
Also read: Fed Preview: Dollar’s fate hinges on Powell’s policy guidance
Key quotes
“Chair Powell is likely to be less sanguine about the growth outlook compared to the June meeting, but this won’t change the Fed’s resolve to take the policy rate to restrictive settings by the end of 2022 to limit inflation.”
“Housing data continue to roll over as rising mortgage rates, high raw material costs and labor shortages take their toll.”
“The slowdown in activity appears to be broadening with the Composite PMI index falling below 50 in July amid surprising weakness in the services sector.”
“And a negative 2Q GDP print this week will likely fuel recession talk even further given it would be the second straight quarter of negative growth.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
