Month: July 2018

Powell: Gradually Raising Interest Rates The Best Way Forward

username July 17, 2018 No Comments forex news

Federal Reserve Chairman Jerome Powell reiterated during testimony on Capitol Hill on Tuesday that the central bank believes gradually raising interest rates is the “best way forward.” Appearing before the Senate Banking Committee, Powell offered an upbeat assessment of the state of the U.S. economy. Powell said the U.S. economy has grown at a solid […]

Dollar Extends Gain Amid Powell’s Testimony

username July 17, 2018 No Comments forex news

The U.S. dollar continued to be higher against its major counterparts in the New York session on Tuesday, after Fed Chairman Jerome Powell remarked that the central bank would continue raising rate gradually amid solid economic expansion. In his semi-annual testimony, Powell struck a positive note on economy, indicating that he expects the job market […]

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