Blogs
Interest Rates Cut to Avoid Slump
01 August 2019
Maria Gregoriou
Yesterday Federal Reserve (Fed) Chairman Jerome Powell announced that the central bank will lower interest rates for the first time since the 2008 recession. This measure will be put in place to prevent the possibility of an economic slump, according to Powell but it is not the start of a lengthy easing cycle.
Market focus
- Swiss government raises 2019 GDP growth forecast to 0.9% from 0.8% previously
- Fed keeps rates on hold, points to 'favourable' economic outlook next year
- German consumer price growth stabilised in November
- French consumer prices rose by 0.1% in November, as expected
Calendar
REGISTER FOR TRAINING
- Open Demo Account
Master your skills in a virtual account
- Download trading system
Start your trade with user-friendly and reliable system
|
begin |
end |