Fed: Chair Powell’s testimony to take the centre stage today - TDS

Sandeep Kanihama FXStreet Contributor

TD Securities analysts are expecting the US Fed Chair Powell to use his two-day testimony before Congress to reiterate the view that the Fed will "act as appropriate to sustain the economic expansion".

Key Quotes

“We do not anticipate the Chair will want to communicate to the market any major changes regarding the FOMC's posture put forward at the June meeting, although that is a non-zero risk. Expect Powell to once again highlight the crosscurrents that are currently threatening the US economic outlook (weak global growth, trade uncertainties) and persistent below-trend inflation and low inflation expectations.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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