Fed chair Jerome Powell is whistling past 2 looming threats to the US economy

Federal Reserve chairman Jerome Powell is overlooking two central risks facing the US economy: the prospect of a trade-war induced slowdown and a key recession warning sign from financial markets. In Congressional testimony this week, Powell was upbeat on growth, arguing workers who need a job can find one, and downplayed a lack of wage growth despite a historically low 4% jobless rate. Powell also refused to state directly whether the world’s major economies are currently in a trade war, even though most economists and trade experts believe President Donald Trump’s protectionist policies, including tariffs on steel and aluminum imports on US allies, are well on their way to sparking such a conflict. Read More @ http://www.businessinsider.com/feds-powell-downplays-trade-wars-flattening-yield-curve-2018-7

Trump lays into the Federal Reserve, says he’s ‘not thrilled’ about interest rate hikes


USD remains cautious after FED Powell cautious words; Ascending Triangle is still in-tact and looking for fresh news for a new breakout.


  1. 4.00pm – Euro will release current account – expected to be weak or no change. Eun still remains vulnerable.
  2. 8.30pm – Canada will release their CPI data and is expected to no change – we think otherwise. We maintain BUY for CAD.
  3. 8.30pm – Canada will con-currently release the Retail sales m/m; expected to be good.

The market will end with consolidation and wait for next week ECB Press conference and US GDP data release. Be cautious and always have money management in place.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

  1. stornobrzinol 1 month ago

    Nearly all of what you state is supprisingly legitimate and it makes me wonder why I had not looked at this in this light previously. This particular article truly did turn the light on for me personally as far as this subject matter goes. But at this time there is actually 1 factor I am not really too cozy with so whilst I try to reconcile that with the central idea of the issue, permit me observe just what the rest of your readers have to say.Very well done.

  2. I am also commenting to make you understand of the outstanding discovery my girl enjoyed reading through your webblog. She came to understand a lot of pieces, which included how it is like to possess a marvelous coaching heart to make others really easily thoroughly grasp selected specialized subject matter. You undoubtedly exceeded our own expectations. Many thanks for providing those essential, dependable, explanatory and also cool thoughts on your topic to Janet.

Leave a reply

Your email address will not be published. Required fields are marked *



We're not around right now. But you can send us an email and we'll get back to you, asap.


FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?