Fed Chair Powell’s caveat to keep gradually raising rates, “for now” more likely hints at a pause (2019?) than acceleration given Fed caution about yield curve flattening and the proximity of neutral, according to Richard Franulovich, Head of FX Strategy at Westpac. Key Quotes “That will be highly problematic for the USD but it is more likely a story for 2019.” “For now, US growth leadership is set to continue thanks to more enduring growth impulses compared to the rest of the world such as relatively easier financial conditions, tax cuts and rising federal spending. The prospect of some mean reversion in elevated US data surprise index readings shouldn’t upset that story too much.” “We should not expect trade tensions to defuse anytime soon either; meaningful concessions from China seem unlikely; European leaders have signaled they will respond in kind to any auto tariffs; while Nov mid-terms argue against a more conciliatory US approach (certainly objections from US corporates and congress have done little to turn the tide).” 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 Ethereum price analysis: ETH/USD trims gains below the trendline; Vitalik Buterin decodes what gives cryptocurrencies their value FX Street 5 years Fed Chair Powell's caveat to keep gradually raising rates, "for now" more likely hints at a pause (2019?) than acceleration given Fed caution about yield curve flattening and the proximity of neutral, according to Richard Franulovich, Head of FX Strategy at Westpac. Key Quotes "That will be highly problematic for the USD but it is more likely a story for 2019." "For now, US growth leadership is set to continue thanks to more enduring growth impulses compared to the rest of the world such as relatively easier financial conditions, tax cuts and rising federal spending. The prospect of some mean… 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.
