"I would expect them to repeat that the economy is strong", Scotiabank economist Derek Holt said.
Federal Reserve Chairman Jerome Powell on Thursday (Jan 10) stressed again that the US central bank can be patient in approving any further rate increases as officials gauge whether the USA economy will slow this year, as some in financial markets worry, or continue motoring ahead as the Fed itself expects.
In his remarks before the Economic Club of Washington, Powell described the economy as strong at the end of a year ago, with the lowest unemployment levels in a half-century and solid gains in wages.
"There is no such plan", Powell said.
Speaking at the Economic Club of Washington, Powell reiterated that the United States central bank has the ability to be patient on monetary policy given stable price measures.
Saudi woman to leave Thailand for Canada, immigration chief says
Several women had been forced to return home in recent years, they say, adding that many similar cases had gone unreported. Thai officials said Friday evening that 18-year-old Rahaf Mohammed Alqunun is en route to Toronto via Seoul, South Korea.
"Chairman Powell chose to make no news at his latest interview".
Speaking to an audience in Washington, D.C, Powell delivered the same reassuring message that bolstered markets last Friday.
The US Dollar continues to be weighed down by the growing market conviction that the US central bank might slow the pace, or perhaps even pause the rate hike cycle in 2019, reinforced by the Fed Chair Jerome Powell's comments on Thursday.
Since the meeting, Fed officials have indicated they're less inclined to keep raising than their statement and projections for two hikes in 2019 had suggested. He said the Fed's aim was to return the balance sheet to a "more normal level" but didn't specify what that level will be.
On Thursday, Powell said he hasn't seen anything to indicate that the risk of a recession is elevated.
Jets looking at Gregg Williams as defensive coordinator
The Dolphins have interviewed Chiefs offensive coordinator Eric Bieniemy, Saints defensive coordinator Dennis Allen. After a 5-11 season in 2018, Shurmur remains a work in progress in his second head-coaching stint.
December figures for the Fed's preferred gauge of inflation - a separate measure related to consumption - are scheduled for release on January 31, though the report could be delayed because of the partial government shutdown. "The principal worry we have is global growth" in Asia, Europe and elsewhere. He added the Fed will have "a less clear picture" on the state of the national economy as during the shutdown the government agencies will not be able to release some vital data, including retail sales and GDP figures.
Trump has urged the Fed not to raise interest rates at all this year.
While there is wide agreement that the United States economy will grow more slowly than the roughly 3 per cent rate of 2018, there's a lot of debate about how fast the slowdown will be.
Powell and others have been less demonstrative and noted that economic data remains strong, particularly after a recent payroll report that showed more than 300,000 jobs added in December.
USA teen crashes driving blindfolded as ‘Bird Box Challenge’ goes viral
The 17-year-old girl was said to have had a 16-year-old male passenger in the truck with her. KSL reported the driver had her beanie over her eyes at the time of the crash.