"We're not thinking about raising rates," Mr Powell told reporters on Wednesday. "We're not even thinking about thinking about raising rates."
- The magnitude of the economic downturn in the United States is extremely uncertain. The Fed forecasts a 6.5% drop in GDP with a jump in unemployment to 9.3% and a slowdown in inflation to 0.8% - and the economy will return to pre-crisis levels only in 2022.
- At the same time, the Fed reacted to the May data from the labour market (Unemployment in May 13.3%), saying that the United States may have bottomed out.
- As expected, the Fed will continue to buy assets at a current rate of $120 billion per month ($80 billion repurchase treasuries; $80 billion repurchase corporate debt securities).
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Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #Fed #US
- The magnitude of the economic downturn in the United States is extremely uncertain. The Fed forecasts a 6.5% drop in GDP with a jump in unemployment to 9.3% and a slowdown in inflation to 0.8% - and the economy will return to pre-crisis levels only in 2022.
- At the same time, the Fed reacted to the May data from the labour market (Unemployment in May 13.3%), saying that the United States may have bottomed out.
- As expected, the Fed will continue to buy assets at a current rate of $120 billion per month ($80 billion repurchase treasuries; $80 billion repurchase corporate debt securities).
=========
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #Fed #US
