The S&P 500 Index has dropped below the 3,400 point mark and is trading down on the day. US stocks have turned down after Federal Reserve Chairman said that the bank sees the current level of bond-buying as appropriate, conveying a message that no new support is needed. Powell also said signaled that additional fiscal support would be helpful to assist the economy. The Fed left rates unchanged and adjusted its language on inflation to the new policy shift. Maintaining low-interest rates had already been priced in by investors. The bank’s dot-plot pointed to a smaller contraction in 2020 but a slower growth rate in 2021. 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 Powell speech: Can have quite low unemployment without raising troubling inflation FX Street 1 year The S&P 500 Index has dropped below the 3,400 point mark and is trading down on the day. US stocks have turned down after Federal Reserve Chairman said that the bank sees the current level of bond-buying as appropriate, conveying a message that no new support is needed. Powell also said signaled that additional fiscal support would be helpful to assist the economy. The Fed left rates unchanged and adjusted its language on inflation to the new policy shift. Maintaining low-interest rates had already been priced in by investors. The bank's dot-plot pointed to a smaller contraction in 2020 but… Top 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.
