Powell is expected to note that while the US economy is on firm footing, it faces risks from slowing growth and trade conflicts, the AP reports.
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting January 30, 2019 in Washington, DC. The Fed has decided to leave interest rates unchanged.The Federal Reserve is expected to end its latest policy meeting Wednesday by refining its new overarching message that it plans to be"patient" about any further interest rate hikes.
Besides issuing a new policy statement Wednesday, the Fed will provide an updated economic outlook and Chairman Jerome Powell will hold a news conference. The central bank's new theme of patience and flexibility reflects its calming response since the start of the year to slow economic growth at home and abroad, a nervous stock market and persistently mild inflation. The Fed executed an abrupt pivot when it met in January by signaling that it no longer expected to raise rates anytime soon.
There is also anticipation that the Fed will specify when this year it expects to stop shrinking its huge portfolio of bonds, part of its balance sheet. Doing so would help keep a lid on loan rates. President Donald Trump, injecting himself not for the first time into the Fed's ostensibly independent deliberations, made clear he wasn't happy, calling the December rate hike wrong-headed. Reports emerged that Trump was even contemplating trying to fire Powell, who had been his hand-picked choice to lead the Fed.
Economists expect the Fed's updated forecasts to downgrade its estimate of growth in light of a slowdown in manufacturing and retail, sluggish housing and construction activity and global pressures, including an ongoing trade war.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
US Treasury yields move higher ahead of a Fed meetingU.S. government debt prices were lower on Monday, as investors awaited a Federal Reserve meeting later this week.
Weiterlesen »
US futures slightly higher as markets await Fed meetingU.S. stock index futures traded higher on Tuesday, broadly supported on expectations the Federal Reserve could strike a dovish tone later in the session.
Weiterlesen »
US treasury yields mixed as investors await Fed meetingU.S. government debt prices were mixed on Tuesday, as investors monitored the start of a two-day Federal Reserve meeting.
Weiterlesen »
Fed looks to avoid crossed signals at policy meetingOnly two things will really matter when Federal Reserve Chairman Jerome Powell s...
Weiterlesen »
Gold gains for second day as dollar dips ahead of Fed meetGold prices rose for a second straight session on Monday, as the dollar slipped ...
Weiterlesen »
Dollar on back foot after soft data fans bets on dovish FedThe dollar licked its wounds on Monday after soft U.S. data increased bets the F...
Weiterlesen »
Fed Officials Wrestle With a ‘Dot Plot’ DilemmaFederal Reserve officials aren’t quite sure what to do about their dots. Most of them see the dot plot of individual projections for interest rates as a valuable tool, but it has increasingly contributed to investor confusion.
Weiterlesen »
Asia shares, bonds buoyed as Fed seen dovishAsian share markets crept ahead on Monday while bonds were in demand globally on...
Weiterlesen »
Dollar licks wounds after soft data fans bets on dovish FedThe dollar licked its wounds on Monday after soft U.S. data increased bets the F...
Weiterlesen »
Dollar licks wounds after soft data fans bets on dovish FedThe dollar licked its wounds on Monday after soft U.S. data increased bets the F...
Weiterlesen »