Analysts at RBS point out that Fed Chair Jerome Powell’s latest semi-annual testimony before Congress sounded upbeat about the US economy. Key Quotes “US growth is solid with investment rising at a healthy pace, the jobs market has continued to strengthen, inflation is close to the FOMC’s 2% target and the risks to the outlook are viewed as roughly balanced.” “He warned that rising US trade tensions pose a downside risk to the economy but this was offset by the positive effect of a sizeable fiscal stimulus. Hence the Fed, for now, maintains its gradual tightening bias.” 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 GBP/USD Technical Analysis: Cable having pullback from daily highs – Trading above 1.3100 FX Street 5 years Analysts at RBS point out that Fed Chair Jerome Powell's latest semi-annual testimony before Congress sounded upbeat about the US economy. Key Quotes "US growth is solid with investment rising at a healthy pace, the jobs market has continued to strengthen, inflation is close to the FOMC's 2% target and the risks to the outlook are viewed as roughly balanced." "He warned that rising US trade tensions pose a downside risk to the economy but this was offset by the positive effect of a sizeable fiscal stimulus. Hence the Fed, for now, maintains its gradual tightening bias." 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.
