Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Powell signals Fed to stay on hold: What do you think?
Event Description
Ended
In a widely anticipated speech to the Economic Club of New York on Thursday, Federal Reserve Chair Jerome Powell acknowledged that progress Show More
In a widely anticipated speech to the Economic Club of New York on Thursday, Federal Reserve Chair Jerome Powell acknowledged that progress has been made in curbing inflation, but also emphasized that inflation is still too high and remains committed to reducing inflation to the 2% goal.

He also added that given the many uncertainties and risk factors, the Fed will act cautiously. Analysts believe that while Powell dismissed the possibility of a rate hike in November, he also left the door open for further rate increases in order not to let the market get carried away. On Thursday, all three major U.S. stock indexes fluctuated and closed down.

What‘s your thought:
Did the speech reveal what you expected?
What is your investment strategy amid the uncertain outlook?
Views
85K
Posts
43
Join event
Latest
Hot
Related Stocks
  • .SPX
    S&P 500 Index
    5948.710
    +0.53%
  • .DJI
    Dow Jones Industrial Average
    43870.350
    +1.06%
  • .IXIC
    Nasdaq Composite Index
    18972.420
    +0.03%