Tag: US economy outlook
Fed Chair Powell Faces Pressure to Address Trump’s Impact on Economy
Federal Reserve Chairman Jerome Powell faced a barrage of questions from reporters during a news conference, as they sought his opinion on President-elect Donald Trump's impact on the economy. Powell, however, remained tight-lipped on...
Fed Likely to Cut Rates in December, Skip January: Traders’ Prediction
Federal Reserve Chair Jerome Powell recently announced a quarter percentage point rate cut in November, sparking expectations for another cut in December. However, market analysts are now predicting a possible "skip" in January.After lowering...
Treasury to Borrow $740 Billion in Q3: What it Means for Forex Trading
The US Treasury recently announced plans to borrow $740 billion in the third quarter of the year. This amount is actually lower than the initial estimate of $847 billion made back in April. The...