There has not been too much more signs of heightened fears on the corona virus and on the feds most recent corona virus situation downplayed the severity of the situation since China's extensive effort to contain it injecting Billions into Market . We are expecting inflation to move closer to 2%, the fed is making bill purchases that continue to build reserve levels to maintain ample condition, and will slow their purchase pace that will allow the balance sheet to grow in line with trend demand for liabilities. Labor force participation is at highest rate, but remains lower than other advanced economies. Productivity gains have been sub-par, fundamentals supporting household spending are strong. Overall Powell noted the economy is in a good place. Although there are few risks of corona inside of the US and the impact is limited, currently many factories supplying US from China remain shut. Safe Haven demand for gold should be bearish while stocks and futures are bullish after Powell's Speech.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.