FED RATE CUT MOVE – PESO will strengthen…
Fed’s Powell affirms rate cut view; others see U.S. economy humming
As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business outlook.
The contrasting remarks show the dilemma the Fed faces as it heads toward an end-of-month monetary policy meeting now broadly expected to end with a rate reduction.
On one hand – emphasized by Powell in Congressional hearings Wednesday and Thursday and seconded by the influential chief of the New York Fed and Fed Governor Lael Brainard — global trade and economic risks have put a dent in investment, inflation is well below the Fed’s 2% target, and the U.S. expansion may need a shot in the arm. Read More @ https://www.reuters.com/article/us-usa-fed-bostic/feds-powell-affirms-rate-cut-view-others-see-u-s-economy-humming-idUSKCN1U627N?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
TECHNICAL CHARTS USDPHP.
- The USD looks stronger
- PESO at tipping point
- FED contemplating cutting rate
- US economy looks strong
- Philippine economy build, build an build policy looks good for the future
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