Powell Stays Strong ๐Ÿ‘Š

Powell Stays Strongย 

Fed Chair, Jerome Powell, stuck to his guns yesterday, despite some pretty overwhelming pressure from the White House to decrease interest rates. Good on you, Mr Powell!

During yesterdayโ€™s meeting, officials at the Federal Reserve voted to keep rates steady in line with its โ€˜patientโ€™ outlook on monetary policy – much to the Presidentโ€™s disappointment. Powell justified his actions by pointing out that the economy was growing at a steady pace with the exception of slightly lower inflation.

The fact that both economic growth (+3.2%) and March jobs (+196k) outstripped economists estimations by some distance motivated Powellโ€™s decision to keep rates steady with inflation below the 2% target. This approach speaks to a strong outlook from the Fed, which clearly sees an improving economic environment on the horizon, rather than a worsening one.

Equity markets dipped during yesterdayโ€™s session with the S&P 500 falling 0.94% as many investors were expecting a slightly softer tone from the Fed. On the flip side, the Dollar appreciated across the board, rising 0.54% against a basket of major currencies.

Analysts are forecasting more strength for the Dollar if this flexible but steady outlook can be backed up by more strong fundamental data from the US economy. Solid Stuff, Mr Powell, show โ€˜em whoโ€™s boss.

Avengers Crushes Box-Office Records

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visaยฎ Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.