Compared to last year, the American economy is going to surge more slowly this year. That’s what Richmond Federal Reserve President Thomas Barkin told on Friday. The statesman added that he’s concerned about such economic risks as trade policy as well as financial market volatility.
The statesman foresaw surge would resume in 2019, although at a somewhat slower tempo. That’s what the statesman revealed in a prepared statement for a bankers luncheon in Baltimore.
The statesman, who doesn’t have a vote on monetary policy in 2019, although takes part in the US major financial institution’s debates, told that the American economy was coming off a firm year, with unemployment sticking with a 49-year minimum and inflation on target.
Barkin told that as America enters new year, he’s overwhelmed with concerns. For instance, some of his worries have to do with environment, powered by politics or trade. Other concerns turn out to be market driven due to the fact that volatility has gone up and the yield curve has shrunk.
A deceleration in productivity surge actually drops a hint that economic surge will most probably average 1.9% over the long run, which appears to be far slower than now, the statesman pointed out.
As a matter of fact, the American economy speeded down in the third quarter, although the tempo appeared to be firm enough to keep surge on track to hit the current presidential administration's 3% objective this year. However, early in the fourth quarter, momentum happens to have moderated further.
Meanwhile, on Friday, Fed Chair Jerome Powell tried to soothe market fears that America’s major financial institution was neglecting signs of an economic deceleration, telling that he was aware of the risks and would be flexible and patient in policy decisions in 2019.
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
The market is pricing that the Fed will leave the rate at the same level. Meanwhile the major players think that the Fed will start with the monetary easing in the second quarter 2024.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
