This pair seems to have broken past the neckline of its double bottom pattern, signaling that a reversal from the downtrend is underway for the long time horizon.
Comment:
U.S. Federal Reserve Gov. Michelle Bowman reiterated the Fed's outlook of continued moderate growth for the U.S., with unemployment remaining low and inflation expected to rise gradually to the Fed's 2% target.
Comment:
Text from chair Powell's testimony on Capitol Hill
- Risks to the outlook remain, closely monitoring coronavirus
- Fundamentals supporting household spending still strong
- The virus could cause disruption in China with spillovers
- Repeats Fed to slow bill buying, the transition from repos
- Sees inflation moving closer to 2% over the next few months
- The current stance of monetary policy will likely remain appropriate as long as incoming information about the economy remains consistent with the Fed's outlook
- Fundamentals supporting household spending remains solid
- Business investment and exports have been weak largely reflecting sluggish growth abroad and trade developments
- Fed is closely monitoring the coronavirus which could lead to disruptions in China that spill over to the global economy
- US faces long-run challenges, site labor force participation lower than in other advanced economies and labor market disparities across racial ethnic and geographic groups
- Finding ways to boost labor force to space in a productivity should remain a national priority
-
- Risks to the outlook remain, closely monitoring coronavirus
- Fundamentals supporting household spending still strong
- The virus could cause disruption in China with spillovers
- Repeats Fed to slow bill buying, the transition from repos
- Sees inflation moving closer to 2% over the next few months
- The current stance of monetary policy will likely remain appropriate as long as incoming information about the economy remains consistent with the Fed's outlook
- Fundamentals supporting household spending remains solid
- Business investment and exports have been weak largely reflecting sluggish growth abroad and trade developments
- Fed is closely monitoring the coronavirus which could lead to disruptions in China that spill over to the global economy
- US faces long-run challenges, site labor force participation lower than in other advanced economies and labor market disparities across racial ethnic and geographic groups
- Finding ways to boost labor force to space in a productivity should remain a national priority
-
