Powell pledges the Fed will ‘act with authority’ if inflation spikes – PSEi reacts to US news – it shows foreign buyers are active in PSEi.
- Federal Reserve Chairman Jerome Powell said the central bank has been able to keep inflation in check by managing expectations.
- Inflation has remained around the Fed’s 2 percent target even though unemployment is near a 50-year low.
- Powell expects the Fed to continue slow, gradual interest rate hikes, mindful of keeping the recovery going while not allowing growth to get out of control. Read More @ https://www.cnbc.com/2018/10/02/powell-pledges-the-fed-will-act-with-authority-if-inflation-spikes.html
WHAT IS THE PSEi TECHNICAL CHARTS ARE SAYING.
MEMBERS of FINPACK please hang on there and don’t buy yet till the price crosses the 7000 PSEi; we will post all our stock picks at member section. Please do go to member section and see our Stock Pick for the day. We are looking at several companies that we are going to buy them at a bargain price.
US & Other stocks exchange are all taking the beatings and we believe this downside is not over yet. PESO will hit 55 against the USD but we also believe that the PESO will regain strength next year. Meantime use PESO averaging technique to engage the Stocks. For more stock ideas go to member section. IS FREE FOR FINPACK MEMBERS.
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.