The Trader 

Market Outlook: Powell’s testimony at House Financial Services Committee

The Trader

Reading yesterday from a prepared text, Jerome Powell, head of the Federal Reserve, noted that: ‘’inflation has been running below the FOMC’s symmetric 2 per cent objective, and crosscurrents, such as trade tensions and concerns about global growth, have been weighing on economic activity and outlook. There is a risk that weak inflation will be ever more persistent than we currently anticipate’’. He believes that business investment had slowed down ‘notably’ but reminded that the Fed would ‘act as appropriate’ to maintain economic expansion.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now