- Analytics
- News and Tools
- Market News
- Fed's Powell: Jobs report was strong, need to do further interest rate increases
Fed's Powell: Jobs report was strong, need to do further interest rate increases
This is a developing story.
Federal Reserve Chairman Jerome Powell is speaking at The Economic Club of Washington, D.C. Signature Event coming up in the next moments.
Key notes
The jobs report was certainly stronger than anyone expected.
The strong jobs report shows you why we think this will be a process that takes a significant period of time.
We probably need to do further interest-rate increases.
If data were to continue to come in stronger than expect, would certainly raise rates more.
2% inflation is a global standard and not something the fed is looking to change.
Fiscal authorities are concerned about the debt limit.
The debt limit debate can only end with congress raising it, which has to happen.
Congress needs to raise debt ceiling in timely fashion
If debt ceiling isnt raised no one should think fed can shield economy from effects.
I am not actively contemplating the sale of securities.
It will be a couple of years before the fed's balance-sheet decline comes to an end.
More to come...
EUR/USD update
The US Dollar is sinking and EUR/USD has rallied hard as follows:
© 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
