Weaker dollar may indicate markets expect US slowdown

The evidence so far suggests that a Powell-led Fed will generally follow the same cautious approach to raising interest rates that Yellen pursued during her tenure as Fed chair, at least in its early months.

"They're more confident in their expectations of rising inflation", said Kevin Logan, Chief U.S. Economist at HSBC Securities.

"I would have liked to serve an additional term and I did make that clear" when she interviewed with Trump, Yellen said in an interview broadcast by PBS.

He added: "We're looking forward to helping Dr. Yellen reflect on her impressive career, to working with her as she continues to advance the state of economic knowledge, and to benefitting from her advice as we work to improve the quality and effectiveness of fiscal and monetary policies and public understanding of them". Yet it is not wage growth that is fuelling the spending spree, other than in a few low- and middle-income sectors of the economy. It is not investment advice or a solution to buy or sell securities. Futures pricing suggests investors are placing the chances of another quarter-point move in March at around 75 per cent, with many also pencilling in an increase in June.

Fed Up, a coalition of unions and community groups, said it would deliver a giant "Thank You" card to the Fed on Friday afternoon to celebrate Ms. Yellen's success in reducing unemployment. "This is all coming in an environment where the Fed, as the biggest buyer is paring back its purchases in the Treasury market", said Ripley.

The airplane manufacturing company, Boeing, had lifted stocks when a prediction presented better-than-anticipated full-year profits and claimed that the anticipate manufacturing a record high of commercial aircrafts this year.

At Brookings, Yellen will join her immediate predecessor, Ben Bernanke, and former Fed Vice Chair Don Kohn. "Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance". Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication. - Reuters pic WASHINGTON, Jan 31 ― The Federal Reserve concludes its first meeting of 2018 today, with markets convinced the central bank will leave the benchmark interest rate untouched but nonetheless watching for signals of increases ahead. Jerome Powell will take over the chair from Feb. 3 and be sworn on two days later.

It also fell against the British pound (-0.6pc), euro (-0.4pc) and New Zealand dollar (-0.8pc), but remained stable against the Japanese yen. The trade-weighted index slipped to 74.66 from 74.71.

To really sound hawkish, the Fed may need more proof. Markets are giving the Fed the green light to raise rates. Powell has been a Federal Reserve governor. "This whole thing is on your shoulders".

Jerome Powell, who was nominated by President Donald Trump, will replace Yellen next week.

It noted that economic growth, investment and unemployment were all going in the right direction. "Powell has only been at the Fed when the economy is expanding".

(Derechos de autor © 2015. Todos los derechos reservados.)
 
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