Fed: Interest Rate Speculations To Support Shares

Fed: Interest Rate Speculation To Support Shares

The Federal Reserve did not change its economic aid programs and federal funding rates as expected. FXStreet analyst Joseph Trevisani said he expects that the Dollar and Treasury interest rates will decrease, stocks will increase and the US economy will not recover strongly. "The Federal Reserve did not change its policy and interest at the July meeting. President Powell warned that a slowing economy would require support for the foreseeable future." President Powell said that high-frequency data, such as credit card purchases, travel, restaurant spending and so on, is uncertain as to whether the US economy has started to slow down after virus cases begin to appear, and whether this continues. FOMC and Powell noted that progress in the economy is closely linked to virus control. “The Fed continues to combat the economic weakness caused by the outbreak. Although the chairman does not directly mention the expansion of the interest rate effect until the end of the yield curve, his commitment to providing as much support as possible goes in this direction. " "As long as the US economy cannot achieve a strong self-sustained recovery, low-speculation will continue to support stocks and bond prices and weaken the dollar for whatever reason."