American economic surge will probably speed down in 2019

American economic surge will probably speed down in 2019

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 Key Rate is in Focus
ECB Key Rate is in Focus

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.

What Will the Fed Decide?
What Will the Fed Decide?

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 US Fed Becomes More and More Dovish
The US Fed Becomes More and More Dovish

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.

Latest news

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

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%.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

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!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera