Bill Diviney, an analyst at ABN Amro noted, that In his prepared remarks, Fed Chair Powell’s semi-annual testimony to Congress was consistent with his recent commentary, with a mostly very positive assessment of the US economy. Key Quotes: “The most notable remark was his added caveat of ‘for now’ in reference to the FOMC’s view that it should continue to gradually raise the fed funds rate. To us this suggests some increased doubt over the outlook given the ongoing uncertainty over trade policy, and the anecdotal reports that this is holding back investment decisions. Indeed, we saw some hint of this in yesterday’s Empire State manufacturing index, though the broader national ISM continues to point to very strong investment growth.” Specifically, on trade, Powell said that it is “difficult to predict the ultimate outcome of current discussions over trade policy” but he used the same language to describe the “economic effects of the recent changes in fiscal policy” – which poses upside risks to growth. All told, we continue to expect the Fed to hike by 25bp at each quarterly press conference meeting to June 2019 (i.e. four more hikes), though there is a risk that the Fed pauses in its hiking cycle, should business confidence decline significantly on the back of trade uncertainty.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Trade wars should be on your radar – TDS FX Street 5 years Bill Diviney, an analyst at ABN Amro noted, that In his prepared remarks, Fed Chair Powell's semi-annual testimony to Congress was consistent with his recent commentary, with a mostly very positive assessment of the US economy. Key Quotes: "The most notable remark was his added caveat of 'for now' in reference to the FOMC's view that it should continue to gradually raise the fed funds rate. To us this suggests some increased doubt over the outlook given the ongoing uncertainty over trade policy, and the anecdotal reports that this is holding back investment decisions. Indeed, we saw some hint of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.