The U.S. Federal Reserve (Fed) Chairman Jerome Powell rejected the idea that an interest-rate cut might be in the cards to the U.S. during a news conference in Washington on Wednesday after the committee’s meeting.
“We are strongly committed to our two percent inflation objective and to achieving it,” Powell said. This statement comes at a time when investors are on the lookout for a rate cut and President Donald Trump is insisting on one.
There is no case insight for moving the rate in either direction, according to the chairman who supported this view by saying that inflation, including core inflation, ran close to two percent for most of 2018. Moving on to the statement of longer-run goals and monetary polity strategy formed by the Fed, Powell stressed that the comity would be concerned if inflation were running persistency above or below two percent.
Looking ahead, the Fed’s outlook for the U.S. economy for the rest of the year is a healthy one.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2020. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
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 firstname.lastname@example.org.