The Trader 

Market Outlook: Fed chairman factors in coronavirus

The Trader

Following the US Federal Reserve’s rate-setters meeting yesterday chairman Jerome Powell, who appears to be deliberately adopting a low profile, noted that the new virus outbreak in mainland China would have at least a short-term effect. Keeping the Fed Funds target unchanged at 1.5 to 1.75 per cent, he also noted that US manufacturing had yet to see a decisive recovery and that the inflation target remains at the centre of its economic policy.

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