Online Forex broker
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness.
He told that the Fed tends to lift rates each time the US economy goes up, but he doesn’t like this approach. Nevertheless, he allows them to do what they find to be an ideal solution in this situation.
US leader stressed that he was afraid that the key US bank’s rate lifts might put his country at a sort of disadvantage, while the BOJ and the ECB keep their monetary policy intact.
It wasn’t the first time US leader broke up with a long-standing practice of American presidents staying away from commenting on the major US bank’s policy as well as the value of the greenback, a custom he dared to dismiss.
Then, he told that he fully respects the major bank’s independence and he’s not going to interfere with its decisions.
The USD index cut its revenues after Trump's remarks, while revenues on American Treasury securities reached session minimums. American equities briefly pared dives after news of his remarks.
The main American financial institution has lifted interest rates five times since Donald Trump took office last year, extending the campaign it started in 2015.
In June, the Federal Reserve had borrowing costs lifted in June. On Wednesday, Fed Chair Jerome Powell reiterated his oft-stated opinion that rates are going to resume soaring gradually. By the way, not so long ago Donald Trump dubbed Powell “a good guy.”
The vast majority of Fed policymakers consider the American job market to be close to their full strength. Meanwhile, inflation has recently ascended to the major bank’s 2% objective.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US central bank, Federal Reserve, will announce its decision on further monetary policy on December 15 at 21:00 MT.
The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.
The Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.
The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
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!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
